NOK/JPY Exchange rate
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EUR/USD tumbles to three-week lows near 1.0750
Fresh headlines mentioning the imminence of US tariffs on the European Union put EUR/USD under heavy pressure and send it to the area of multi-week lows around 1.0750 on Wednesday.
GBP/USD retests the 1.2870 zone, or two-week lows
The Greenback's upside impulse is now gathering extra steam and motivates GBP/USD to recede to the area of new two-week troughs around 1.2870.
Gold remains slightly offered just above $3,000
Gold is trading in a narrow range on Wednesday but continues to hold firm just above the $3,000 mark. The precious metal is drawing support from upbeat sentiment in the broader commodities space, buoyed by Copper’s surge to a fresh all-time high earlier in the day.
Bitcoin holds $87,000 as markets brace for volatility ahead of April 2 tariff announcements
Bitcoin (BTC) holds above $87,000 on Wednesday after its mild recovery so far this week. A K33 Research report explains how the markets are relatively calm and shaping up for volatility as the market absorbs the tariff announcements.
Sticky UK services inflation shows signs of tax hike impact
There are tentative signs that the forthcoming rise in employer National Insurance is having an impact on service sector inflation, which came in a tad higher than expected in February. It should still fall back in the second quarter, though, keeping the Bank of England on track for three further rate cuts this year.