Silver consolidates losses within a descending channel ahead of the Fed, while softer dollar moves limit further downside.

The New Zealand dollar dropped after the central bank rejected expectations of a rate hike, losing nearly 5% against the U.S. dollar in six months.

The RBNZ unexpectedly held its rate at 2.75%, sending NZD sharply lower as USD gained.

EUR/USD reached its lowest level since May 2025, with Fed policy overshadowing recent Eurozone data and lending results.

Qatar delivered Tehran a draft agreement, with Iran expected to respond by week’s end, raising hopes for a deal.

US and European shares advanced as enthusiasm for artificial intelligence lifted technology stocks, while the FTSE 100 lagged.

The NZD drops sharply after the RBNZ unexpectedly holds rates steady, falling 1.28% against the USD near 0.5600.

Investors will assess the UK Budget’s fiscal headroom, borrowing outlook and policy implications, alongside Bank of Canada and Fed announcements.

WTI reaches around $100.75 as an attack on a Saudi refinery revives concerns over crude supply risks.

Brent remains near $114 as investors await clarity on President Trump’s Iran policy after the US midterm elections.

Oil rose as investors assessed the risk that conflict could disrupt Middle East supply.

AUD/USD retreats from a one-month high after stronger Australian inflation, but remains above 0.7000 ahead of the Fed.

USD/CHF rises for a fourth day near 0.8300 as the dollar strengthens ahead of the Fed decision.

Hot Australian inflation boosts rate-hike expectations as traders await major central bank decisions and monitor rising oil prices.

The yen gains against the euro as intervention concerns weigh on EUR/JPY, reinforcing its downside trend.