Gasoline Exchange rate

EUR/USD reached levels above 1.0900 for the first time since early February after rising more than a hundred pips following the Federal Reserve meeting. It then retreated to 1.0855, as the greenback recovered ground across the board, boosted by a deterioration in market sentiment.

GBP/USD climbed from 1.2240 to 1.2335, reaching the highest level since early February following the FOMC March meeting. Late in the American session, trimmed gains, falling to 1.2250 with the US Dollar recovering some strength following a slide in US stock indices.

Spot gold jumped to $1,978 during Fed Chair Powell’s press conference and then pulled back. A decline in US yields and broad-based Dollar weakness is offering support to the yellow metal, which is up more than 1% on the day.

Shiba Inu (SHIB) price is setting the stage for a breakout trade later in the US session on Wednesday. The chart points to an inflection point with several indicators and bulls need to roll the dice here if they want to use the momentum to their advantage.

The Bank of England (BoE) is seen keeping up its interest rate increases, although at a slower pace in March, as the world battles financial sector risks.