The Yen remains one of the worst-performing major currencies in thin holiday trading on Wednesday.

The EUR/GBP is trading higher for the second consecutive day on a holiday-thinned trading session on Wednesday.

The US Dollar appreciates against the Japanese Yen for the second consecutive day on Wednesday, reaching levels right below one-week highs at 156.70 during the European trading session.

The USD/CAD pair extends its three-day recovery move to near 1.3700 during the European trading session on Wednesday.

Silver price (XAG/USD) has pared its nearly a 4.5% gain registered in the previous session, trading around $72.20 during the European hours on Wednesday. However, Silver prices are on track for an annual gain of over 150% in 2025, marking the metal’s strongest yearly performance.

The AUD/USD pair trades slightly lower to near 0.6680 during the European trading session on Wednesday.

GBP/JPY holds ground after two days of losses, trading around 210.70 during the European hours on Wednesday. The currency cross showed limited movement amid holiday-thinned trading, while the Japanese yen (JPY) weakened as traders assessed the impact of the country’s expansive fiscal policy.

EUR/USD loses ground for the sixth consecutive day on Wednesday, trading below 1.1740 after peaking above 1.1800 last week. The pair struggles amid a moderate US Dollar (USD) rebound following the release of December's Federal Reserve Monetary Policy Meeting minutes.

The New Zealand Dollar is trading lower for the sixth consecutive day against a somewhat stronger US Dollar.

Here is what you need to know on Wednesday, December 31:

The Pound Sterling (GBP) trades broadly higher against its major peers in European trading hours on the last day of 2025.

USD/CHF extends its winning streak for the fourth consecutive day, trading around 0.7930 during the early European hours on Wednesday. The pair appreciates as the US Dollar continues to gain ground after the release of the Federal Open Market Committee (FOMC) December Meeting Minutes on Tuesday.

The EUR/GBP cross softens to around 0.8720 during the early European session on Wednesday. A cautious tone surrounding the Bank of England’s (BoE) policy outlook could provide some support to the Pound Sterling (GBP) against the Euro (EUR).

The EUR/JPY cross trades on a flat note near 183.80 during the early European session on Wednesday. Earlier this week, the Bank of Japan’s (BoJ) December meeting "Summary of Opinions" showed several board members advocating for a continued tightening path and additional rate hikes in 2026.

GBP/USD remains subdued for the second consecutive day, trading around 1.3460 during the Asian hours on Wednesday. The technical analysis of the daily chart indicates a weakening of a bullish bias as the pair is positioned slightly below the lower boundary of the ascending channel pattern.

The USD/JPY pair trades 0.2% higher to near 156.60 during the late Asian trading session on Wednesday. The pair gains as the US Dollar (USD) trades higher, following the release of the Federal Open Market Committee (FOMC) minutes of the December policy meeting showed on Tuesday.

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The Indian Rupee opens on a flat note against the US Dollar (USD) on the last trading day of 2025. The USD/INR pair wobbles around 90.20 as trading volume remains thin globally in the final stretch of the year.

The EUR/USD pair posts a fresh weekly low near 1.1740 during the Asian trading session on Wednesday.

The USD/CAD pair trades in a tight range around 1.3700 during the Asian trading session on Wednesday. The Loonie pair consolidates at the start of the last trading day of 2025 amid thin trading volume.

The NZD/USD pair holds losses near 0.5785 during the Asian trading hours on Wednesday. The New Zealand Dollar (NZD) remains weak against the US Dollar (USD) despite the upbeat Chinese economic data. Traders brace for the release of the US Initial Jobless Claims report later on Wednesday.  

The Australian Dollar (AUD) inches higher against the US Dollar (USD), holding ground for the second successive session. Volumes are expected to be thin due to the New Year's holiday in Australia.

The GBP/USD pair holds steady around 1.3465 during the early Asian trading hours on Wednesday. However, the Bank of England (BoE) guided that monetary policy will remain on a gradual downward path, which might underpin the Cable against the US Dollar (USD).

USD/JPY remains caught in near-term congestion just north of the 156.00 handle during the final week of 2025’s trading year. Yen traders are battling headwinds on multiple fronts, with the Bank of Japan (BoJ) carrying much of the vexation risk for Yen markets.

AUD/USD strung itself along the 0.6700 handle for the second day in a row as the Aussie-Dollar pairing grapples with end-of-year market volumes restraining overall momentum.

The Canadian Dollar (CAD) flatlined on Tuesday, holding in a near-term range against the US Dollar (USD) as markets grind their way through the end-of-year slowdown. Market momentum remains absent with most market participants sidelined through the final trading week of 2025.

EUR/USD slipped into the 1.1750 region on Tuesday, falling back a scant one-fifth of one percent following several days of muted declines.

NZD/USD trades virtually unchanged on Tuesday around 0.5800 at the time of writing, after trimming part of its recent losses.

GBP/USD trades around 1.3460 on Tuesday at the time of writing, down 0.30% on the day. The pair consolidates after failing to sustain the bullish momentum seen last week, which had lifted it to a more than three-month high near 1.3535.

AUD/USD trades around 0.6700 on Tuesday at the time of writing, up 0.10% on the day, as markets remain cautious ahead of the release of the Minutes from the December meeting of the Federal Open Market Committee (FOMC), due later in the day.