Daily market news

NZD/USD continues its upward momentum for the second consecutive day, trading around 0.5740 during Asian hours on Wednesday.

Silver price soared on Tuesday, registering gains of over 2.10%, as a weaker US Dollar could not cap the metal’s advance amid increased fears of a stagflationary scenario, following a Conference Board (CB) Consumer Confidence poll.

The EUR/USD pair was seen trading around the 1.0800 area during Tuesday’s session after the European close, holding modest gains on the day.

The USD/JPY pair falls significantly to near 149.70 during North American trading hours on Tuesday.

The USD/CAD pair falls sharply to near 1.4280 in North American trading hours on Tuesday.

EUR/USD finds cushion around 1.0780 and rises to near 1.0820 during European trading hours on Tuesday.

In Canadian Dollar (CAD) FX space, the reaction to PM Carney's snap election, scheduled for April 28, has been quite muted so far, Danske Bank's FX analyst Jesper Fjärstedt reports.

NZD/USD continues its losing streak that began on March 18, trading around 0.5710 during European hours on Tuesday.

West Texas Intermediate (WTI) Oil price advances on Tuesday, early in the European session.

Here is what you need to know on Tuesday, March 25: Following a quiet start to the week, the US Dollar (USD) gathered strength in the American session on Monday and the USD Index closed the fourth consecutive day in positive territory.