Dollar nurses losses after benign inflation data

March 11, 2021 at 12:35AM

Dollar nurses losses after benign inflation data

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Author: Reuters | Post link: https://www.investing.com/news/forex-news/dollar-nurses-losses-after-benign-inflation-data-2443277
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The USD/CHF retreats some 0.85% on Wednesday after failing to clear the April 7 daily high of 0.8010, and as the pair slides beneath the 200-day SMA of 0.7940, as market sentiment gets lifted by a two-week ceasefire in the Middle East conflict.

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Silver (XAG/USD) trades with a positive bias on Wednesday, supported by a broadly weaker US Dollar following a two-week ceasefire agreement between the United States and Iran. At the time of writing, XAG/USD is trading around $74.50, up nearly 2% on the day after hitting an intraday high of $77.65.

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Wells Fargo economists now expect the Federal Reserve (Fed) to delay easing in response to higher Oil prices and stickier inflation.

Pound Sterling Price News and Forecast: GBP/USD surges as Iran truce dents US Dollar broadly 8 April 2026

The Pound Sterling (GBP) rallies on Wednesday, advancing for the third straight day this week, up more than 1.10% due to broad US Dollar (USD) weakness, sparked by an improvement in risk appetite following a two-week ceasefire between the US and Iran.

USD/JPY: Strong Yen with BoJ tightening support – Scotiabank 8 April 2026

Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the Japanese Yen (JPY) has gained over 0.7% versus the US Dollar (USD) but still lags other G10 currencies as risk sentiment improves on the ceasefire.

United States 10-Year Note Auction climbed from previous 4.217% to 4.282% 8 April 2026

United States 10-Year Note Auction climbed from previous 4.217% to 4.282%

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Dow Jones Industrial Average (DJIA) futures surged around 1,200 points on Wednesday, up close to 2.6%, after a last-minute diplomatic breakthrough averted what had been shaping up as a catastrophic escalation of the US-Iran war.

Hungary: Inflation set to reaccelerate – ING 8 April 2026

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The USD/JPY pair fell near the 158.30 region on Wednesday, even as the United States (US), Iran and Israel had agreed on a two-week ceasefire.

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Eurozone: Weak demand offsets supply constraints – BNP Paribas 8 April 2026

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March 11, 2021 at 12:35AM

Dollar nurses losses after benign inflation data

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