USD/NOK Exchange rate

GBP/USD sticks to modest losses below 1.2950 in the European morning after the UK's ONS reported that the annual CPI inflation softened to 2.8% in February from 3% in January. This reading came in below the market expectation of 2.9% and made it difficult for Pound Sterling to find demand.

EUR/USD remains depressed under 1.0800 in Wednesday's European trading hours, undermined by renewed US Dollar demand as traders digest the latest tariff threats by US President Trump. Dovish ECB commentary also weighs on the pair ahead of US data and Fedspeak. 

Gold price trades with positive bias comfortably above the $3,000 psychological mark for the second straight day on Wednesday, though it lacks follow-through and remains below the overnight swing high. Investors remain cautious on the back of the uncertainty over US President Donald Trump's so-called reciprocal tariff announcement on April 2.

Bitcoin price hovers around $87,000 on Wednesday after recovering 4% in the last three days. Ethereum and Ripple find support around their key level, suggesting a recovery on the cards. 

Reports and rumors ahead of Trump’s reciprocal tariffs announcement next week will continue moving markets. Business and consumer surveys will try to gauge where the US economy is heading. Core PCE, the Fed's preferred inflation gauge, is eyed late in the week.