Daily market news

The EUR/USD pair eased lower on Wednesday, retreating slightly toward the 1.1400 zone after a recent bullish streak.

The Pound Sterling depreciated against the Greenback on Wednesday yet slightly recovered after diving to four-day lows of 1.3230. Traders seemed relieved that US President Donald Trump, although angry with Fed Chair Powell, is not looking to sack him.

Silver price (XAG/USD) trades firmly around $33.00 during North American trading hours on Wednesday. The white metal strengthens as fears of an intense trade war between the United States (US) and China have diminished after President Donald Trump signaled the possibility of a deal with Beijing.

EUR/USD trades broadly stable around 1.1400 in Wednesday's North American session after dipping to near 1.1300 earlier in the day. The major currency pair bounces back as the US Dollar (USD) gives up intraday gains.

AUD/USD gains sharply to near 0.6420 as the US Dollar gives up intraday gains.

The USD/CAD pair retreats from the high of 1.3860 posted earlier in the day to near 1.3800 during European trading hours on Wednesday.

EUR/USD edged lower toward the 1.14 mark, as the broader USD staged a modest rebound across the G10 space, Danske Bank's FX analysts report.

West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $64.53 per barrel, up from Tuesday’s close at $63.36.

Here is what you need to know on Wednesday, April 23:

GBP/USD extended its losses during Wednesday’s Asian session, trading around 1.3300 after pulling back from a seven-month high of 1.3424 recorded in the previous session.