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EC President von der Leyen: EU responds with countermeasures to US tariffs on steel
European Commission President Ursula von der Leyen said on Wednesday that the European Union (EU) has launched 'swift and proportionate countermeasures' on US imports in the EU in response to steel tariffs.
Eurozone
TradeWar
EURUSD
RiskAversion
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Forex Live
Little on the agenda today as the focus is on the US CPI report
No major releases coming up in European morning trade
economic calendar
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Fxstreet
USD/CHF strengthens to near 0.8850 ahead of US CPI inflation release
The USD/CHF pair trades in positive territory for the third consecutive day near 0.8840 during the early European session on Wednesday.
USDCHF
Majors
Macroeconomics
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Forex Live
EU says to respond to US steel, aluminum tariffs with countermeasures
The counter tariffs applied will try and match the €26 billion worth of tariffs by the US, starting from next month
Politics
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Finance Magnates
FCA to Abandon Public Interest Test under “Name and Shame” Plans
The British financial market regulator is about to announce its decision to scrap most of its controversial plan to “name and shame” more UK companies under investigation amid criticism from the pu...
Financial Conduct Authority
united-kingdom
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Fxstreet
USD/MXN Price Forecast: Seems vulnerable while below 100-day SMA; US CPI awaited
The USD/MXN pair struggles for a firm intraday direction on Wednesday and oscillates in a narrow trading band, around the 20.2790-20.2795 region through the Asian session.
USDMXN
Technical Analysis
Fed
Inflation
Currencies
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Fxstreet
EUR/JPY climbs above 161.50 amid a slight uptick in global risk sentiment
EUR/JPY continues its upward momentum for the second consecutive day, trading around 161.60 during Wednesday’s Asian session.
EURJPY
Crosses
Macroeconomics
Japan
Eurozone
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Forex Live
UK trade minister says negotiating with the US to eliminate additional tariffs
Remarks by UK trade minister, Jonathan Reynolds
GBP
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Fxstreet
Gold price bulls remain on the sidelines amid modest USD recovery, ahead of US CPI
Gold price (XAU/USD) trades near the weekly high during the Asian session on Wednesday and looks to build on the previous day's goodish rebound from the $2,880 region, or a one-week low.
Gold
Commodities
TradeWar
Inflation
SEO
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Fxstreet
India Gold price today: Gold steadies, according to FXStreet data
Gold prices remained broadly unchanged in India on Wednesday, according to data compiled by FXStreet.
Gold
India
Commodities
Metals
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Fxstreet
EUR/USD declines to near 1.0900 on renewed US Dollar demand, US CPI data looms
The EUR/USD pair attracts some sellers to near 1.0900, snapping the three-day winning streak during the Asian trading hours on Wednesday.
EURUSD
Majors
Macroeconomics
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Forex Live
Honda agrees to ¥15,000 average monthly wage hike for 2025
That compares to the union demand of ¥19,500
JPY
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Forex Live
Trump's steel and aluminum tariffs take effect
This is the 25% tariffs as what was touted before
Politics
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Fxstreet
USD/CAD holds gains near 1.4450 ahead of US CPI data, BoC interest rate decision
USD/CAD maintains its gains after a previous session of losses, trading around 1.4440 during Asian hours on Wednesday.
USDCAD
Majors
Macroeconomics
TradeWar
BOC
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Forex Live
ForexLive Asia-Pacific FX news wrap: EUR/USD drifted back under 1.09 (barely)
Forex news for Asian trading on Wednesday, March 12, 2025
Session wrap
Wrap Asia
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Fxstreet
Silver Price Forecast: XAG/USD hovers near $33.00, four-month highs
Silver price (XAG/USD) loses ground after registering gains in the previous session, trading around $32.80 during the Asian hours on Wednesday.
Silver
XAGUSD
Technical Analysis
Commodities
Metals
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Fxstreet
GBP/USD trades with negative bias below mid-1.2900s, downside seems limited ahead of US CPI
The GBP/USD pair edges lower during the Asian session on Wednesday and erodes a part of the previous day's strong move up to over a four-month peak, around the 1.2965 area.
GBPUSD
Inflation
Fed
TradeWar
Currencies
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Fxstreet
Breaking: US CPI inflation softens to 2.8% in February vs. 2.9% forecast
The United States (US) Bureau of Labor Statistics (BLS) is set to publish the high-impact Consumer Price Index (CPI) inflation report for February on Wednesday at 12:30 GMT.
EconomicIndicator
EURUSD
SEO
Inflation
Breaking
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Japanese Yen sticks to intraday losses against recovering USD; lacks bearish conviction
The Japanese Yen (JPY) continues losing ground against its American counterpart for the second straight day on Wednesday and moves away from the highest level since October touched the previous day.
USDJPY
BOJ
Inflation
TradeWar
SEO
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Forex Live
Standard Chartered forecasting Bitcoin could reach $200,000 by the end of 2025
Do warn of risks too
BTC
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Forex Live
Toyota has met union pay rise request in full
Hitachi has also met the request in full
JPY
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Forex Live
16 analyst forecast for the US CPI, headline and core, for February 2025
Consensus is 2.9% y/y and 3.2% y/y respectively (& 0.28% and 0.28% m/m)
Bonds
SPX
Nasdaq
Fed
USD
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Fxstreet
USD/INR gathers strength as traders await Indian/US CPI inflation releases
The Indian Rupee (INR) rebounds on Wednesday. The potential foreign exchange intervention from the Reserve Bank of India (RBI) and strong Asian currencies, especially the offshore Chinese Yuan provide some support to the Indian currency.
USDINR
SEO
India
Macroeconomics
EmergingMarkets
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Fxstreet
NZD/USD remains subdued near 0.5700 ahead of US CPI data
NZD/USD edges lower after registering gains in the previous session, trading around 0.5710 during the Asian hours on Wednesday.
NZDUSD
Macroeconomics
TradeWar
NewZealand
Majors
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Forex Live
Nissan agrees to a JPY 16,500 average monthly wage increase for 2025.
A little less than the 18K asked by the union
JPY
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Fxstreet
PM Albanese: Retaliatory measures would only increase costs for Australian consumers and fuel inflation
Australia’s Prime Minister (PM) Albanese said on Wednesday that “retaliatory measures would only increase costs for Australian consumers and fuel inflation.” PM Albanese confirmed that “Australia will not impose reciprocal tariffs on the United States (US).” His comments come after US President Donald Trump proceeded with 25% tariffs on all imported steel and aluminium.
Australia
TradeWar
UnitedStates
AUDUSD
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Australia rules out retaliatory tariffs after Trump moves forward with steel duties
Australian Prime Minister Albanese said retaliatory measures would only increase costs for Australian consumers and fuel inflation.
Politics
AUD
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Fxstreet
PBOC sets USD/CNY reference rate at 7.1696 vs. 7.1741 previous
On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1696 as compared to the previous day's fix of 7.1741 and 7.2324 Reuters estimates.
USDCNY
PBOC
CentralBanks
Currencies
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Forex Live
Canada's energy minister says will respond quickly if tariffs come into play
Canada Energy Minister Jonathan Wilkinson
Oil
Politics
CAD
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Fxstreet
Australian Dollar depreciates as US Dollar gains ground amid market caution
The Australian Dollar (AUD) weakens against the US Dollar (USD) on Wednesday, weighed down by broad risk aversion.
AUDUSD
SEO
Macroeconomics
TradeWar
Australia
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Fxstreet
Japan firms set to offer strong wage hikes for third straight year
Japan’s largest companies are expected to offer substantial wage hikes for a third consecutive year, helping workers cope with inflation and retain staff amid labour shortages, per Reuters.
Japan
Macroeconomics
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Fxstreet
WTI recovers above $66.00 on softer US Dollar
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $66.25 during the early Asian session on Wednesday.
Oil
WTI
Commodities
Macroeconomics
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Forex Live
USD/JPY knocking on resistance
Some simple technicals for you to berate me over!
JPY
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Fxstreet
BoJ's Ueda: Higher long-term rates reflecting market views on economy
Bank of Japan Governor Kazuo Ueda said early Wednesday that it is natural for long-term rates to shift in line with the market view on the outlook for short-term policy rates.
BOJ
CentralBanks
InterestRate
Macroeconomics
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Forex Live
Financial Times - Toyota considers exporting from UK to US to ease impact of Trump tariffs
Politics
JPY
GBP
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Fxstreet
Ukraine agrees to 30-day ceasefire if Russia accepts
Ukrainian President Volodymyr Zelensky said late Tuesday that Ukraine agreed to a 30-day ceasefire proposed by the United States if Russia accepts the plan, following critical peace talks between US and Ukrainian officials in Saudi Arabia, per CNN.
Ukraine
RussianFederation
Macroeconomics
UnitedStates
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Forex Live
Japan data - February PPI flat at 0% change m/m (expected -0.1%) & +4% y/y (expected 4%)
The PPI is also known as the Corporate Goods Price INidex
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Fxstreet
Canada warns of oil export restrictions amid escalating trade tensions with US
Canada’s Energy Minister Jonathan Wilkinson said late Tuesday that the country may impose non-tariff measures, including restrictions on oil exports to the United States if trade tensions with Washington escalate further.
Canada
UnitedStates
TradeWar
Macroeconomics
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Fxstreet
EUR/USD rises despite trade war risks as markets pivot to US CPI inflation data
EUR/USD bidders found the gas pedal on Tuesday, bolstering Fiber further and sending the pair back into the 1.0950 level, albeit briefly.
EURUSD
TradeWar
CPI
Inflation
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Fxstreet
Houthi terrorists vow to resume attacks on Israeli ships
A Houthi spokesman said late Tuesday that they will attack any Israeli ship that violates the group's ban on Israeli ships passing through the Red and Arabian seas, the Bab al-Mandab Strait, and the Gulf of Aden, effective immediately.
MiddleEast
Macroeconomics
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