Daily summary

The Australian dollar extended the gains against the US dollar and Euro after the RBA meeting, the AUDUSD increased to its highest level since June 2021.

Today, all eyes are on the US non-farm payroll report. The US Bureau of Labor Statistics (BLS) will release the March jobs report today at 12.30 GMT. U.S. Nonfarm employment is considered one of the key indicators for assessing the state of the labor market.

Crude oil prices remain under pressure ahead of an OPEC+ meeting later in the day. The members of the Organization of the Petroleum Exporting Countries and allies will meet to discuss a planned production increase of 432,000 barrels per day.

The Euro held steady against the US dollar and the Pound on Wednesday. The currency pair surged to a fresh monthly high of 1.1155 against the dollar. The recent strong rebound is supported by the latest comments from Russian officials.

The online pet supplier Chewy (NYSE: CHWY) is set to report financial results for the fourth quarter today after the market close. The company is expected to post quarterly earnings of $-0.08 per share and revenues are expected to be $2.42 billion.