Silver Price Forecast: XAG/USD rises to near $85.00 as Middle East war intensifies

Silver price (XAG/USD) recovers over 3% during the Asian hours on Wednesday, hovering around $85.20 per troy ounce after plunging more than 12% over the previous two sessions. The precious metal draws safe-haven demand as geopolitical conflict in the Middle East intensifies.

New Zealand Dollar declines below 0.5900 amid mixed Chinese PMI data, Middle East tensions in focus

The NZD/USD pair attracts some sellers to near 0.5875 during the Asian trading hours on Wednesday. The New Zealand Dollar (NZD) remains weak against the US Dollar (USD) after the mixed Chinese economic data.

Canadian Dollar bulls seem hesitant as firmer USD counters elevated Oil prices

The USD/CAD pair attracts fresh buyers following the previous day's late pullback from the highest level since January 23 and climbs back closer to the 1.3700 mark during the Asian session on Wednesday.

China’s RatingDog Manufacturing PMI climbs to 62.1 in February, Services PMI rises to 56.7

China's RatingDog Manufacturing Purchasing Managers' Index (PMI) climbed to 62.1 in February from 50.3 in January, the latest data published by RatingDog showed on Monday. This figure came in better than the expectation of 50.1. 

China's NBS Manufacturing PMI declines to 49.0 in February, Non-Manufacturing PMI rises to 49.5

China’s official Manufacturing Purchasing Managers' Index (PMI) eases to 49.0 in February, compared to 49.3 in the previous reading. The reading came in below the market consensus of 49.1 in the reported month.