NZD/USD surges as Kiwi leads the board on broad Dollar retreat

NZD/USD jumped about 0.73% on Wednesday, rallying sharply to around 0.5940 in a session that saw the New Zealand Dollar top the currency heatmap against every major counterpart.

USD/CHF Price Forecast: Slumps below 0.7800 after clash on 50-day SMA

The USD/CHF retreats on Wednesday down by 0.25% as the pair failed to post a daily close above the 50-day Simple Moving Average (SMA) of 0.7819 as the Greenback trimmed some of its Wednesday’s gains on risk aversion.

WTI trims gains after rally to one-year high as traders assess US-Iran conflict

West Texas Intermediate (WTI) Crude Oil trims part of its intraday gains on Wednesday as traders assess geopolitical developments surrounding the US-Iran conflict. At the time of writing, WTI trades near $74.32 after briefly reaching a one-year high of $77.20 on Tuesday.

Gold rises past $5,100 as Middle East war fuels haven demand

Gold price (XAU/USD) advances during the North American session on Wednesday, up by more than 1% after registering losses of close to 4.40% courtesy of broad US Dollar strength.

Singapore: Markets weigh Middle East risks – DBS

DBS Group Research economists Radhika Rao and Chua Han Teng stress Singapore’s strong growth momentum, AI-related tailwinds and low inflation, but warn that higher Oil costs and supply chain disruptions could pressure consumers, exporters and manufacturers while MAS policy depends on Brent dynamics.