FRANCE FEBRUARY CPI SHOWS SLOWDOWN IN PRICE INFLATION
France's February preliminary CPI rises by 0.8% YoY, below the expected 1.0%.
HICP for February is up 0.9%, missing the expected 1.2%.
The slowdown is mainly due to readjusting energy prices and base effects from last year.
Service inflation eases from 2.5% in January to 2.1% in February.
GBP/USD WEAKENS BELOW 1.3300 AS US DOLLAR RISES The GBP/USD currency pair has declined to approximately 1.3280 during the early Asian session on Wednesday. This movement reflects a strengthening of the U.S. Dollar (USD) amid renewed market optimism following comments by U.S. Treasury Secretary
PBOC SETS USD/CNY REFERENCE RATE AT 7.2116 VS. 7.2074 PREVIOUS FIXING On Wednesday, the People's Bank of China (PBOC) set the USD/CNY central parity rate at 7.2116, slightly higher than the previous day's fixing of 7.2074. This daily reference rate
NZD/USD STRENGTHENS ABOVE 0.5950 AMID HOPES FOR US-CHINA TRADE DEAL The New Zealand Dollar (NZD) has gained momentum against the US Dollar (USD), with the NZD/USD pair trading around 0.5980 during the Asian trading hours on Wednesday. U.S. Treasury Secretary Scott Bessent described the ongoing
USD/CAD TRADES HIGHER NEAR 1.3850 DUE TO POTENTIAL DE-ESCALATION OF ONGOING TARIFF DISPUTE The USD/CAD currency pair has rebounded from two consecutive sessions of losses, trading near 1.3830 during Asian hours on Wednesday. This upward movement is attributed to renewed support for the U.S. dollar