The USD/JPY pair attracts some sellers to around 155.25 during the early Asian session on Thursday. The US Dollar (USD) softens against the Japanese Yen (JPY) on weaker-than-expected US jobs data and expectations of further US rate cuts.

The Australian Bureau of Statistics will publish its data for August on Thursday at 00.30 GMT. Trade surplus is expected to widen to 4,200M MoM in October, compared to 3,938M in the previous reading.

AUD/USD trades firmly on Wednesday, around 0.6590 at the time of writing, up 0.50% on the day.

GBP/USD rallies on Wednesday during the North American session, surpasses the 1.3300 figure as market participants priced in a more dovish Federal Reserve as rumors grow that the White House economic adviser Kevin Hasset could become the next Chair taking Powell’s rein.

The Euro (EUR) trades on the front foot against the US Dollar (USD) on Wednesday as the Greenback remains under sustained selling pressure amid dovish Federal Reserve expectations, while traders digest the latest US services sector data.

The Japanese Yen (JPY) is strengthening again, up 0.3% against the US Dollar (USD) as USD/JPY moves back toward Monday’s lows and threatens a broader retracement of its mid-November weakness, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

NZD/USD holds in positive territory around 0.5750 on Wednesday, up 0.20% on the day at the time of writing.

The Euro (EUR) is up 0.3% against the US Dollar (USD) and a mid-performer among the G10, climbing to fresh local highs at levels last seen in late October.

The Canadian Dollar (CAD) gained modestly as a weaker US Dollar (USD), firmer risk sentiment, and stronger commodity prices helped lift the currency toward its estimated fair value.

The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Wednesday as the Greenback remains under broad pressure amid a firmly dovish Federal Reserve (Fed) outlook. At the time of writing, USD/CAD is trading around 1.3950, edging close to one-month lows as bearish momentum builds.

The Euro (EUR) trades flat against the Swiss Franc (CHF) on Wednesday as traders digest a fresh batch of Swiss inflation figures alongside Eurozone Purchasing Managers Index (PMI) surveys and Producer Price Index (PPI) data.

The United States (US) Institute of Supply Management (ISM) will release its Services Purchasing Managers’ Index (PMI) data for November on Wednesday at 15:00 GMT.

EUR/JPY trades around 181.30 on Wednesday at the time of writing, stable on the day.

AUD/USD rallied to near 0.6600 as Q3 GDP data, though weaker than expected, confirmed strong private investment and household demand, supporting the RBA’s on-hold stance.

The AUD/USD pair extends its winning streak for the ninth trading day on Wednesday.

Eurozone inflation for November came in largely as expected, with headline at 2.2% y/y and core at 2.4%, leaving the ECB’s policy stance unchanged.

USD/CHF stabilizes above 0.8000 on Wednesday, trading near 0.8010 at the time of writing, down 0.25% on the day.

Eurozone Producer Price Index (YoY) below expectations (-0.4%) in October: Actual (-0.5%)

Eurozone Producer Price Index (MoM) meets expectations (0.1%) in October

Eurozone HCOB Services PMI came in at 53.6, above expectations (53.1) in November

Eurozone HCOB Composite PMI registered at 52.8 above expectations (52.4) in November

The Pound Sterling (GBP) trades higher against its major currency peers, except antipodeans, on Wednesday.

USD/JPY traded subdued at 155.70 as markets await the December BoJ rate hike, with momentum mildly bearish and RSI slipping, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Germany HCOB Composite PMI came in at 52.4, above expectations (52.1) in November

Germany HCOB Services PMI above expectations (52.7) in November: Actual (53.1)

AUD/USD bounced off the August lows at 0.6410 and reclaimed its 200-day moving average, signaling short-term bullish potential, Société Générale's FX analysts note, Société Générale's FX analysts note.

France HCOB Services PMI above expectations (50.8) in November: Actual (51.4)

France HCOB Composite PMI came in at 50.4, above expectations (49.9) in November

Italy HCOB Services PMI came in at 55, above expectations (54) in November

EUR/USD has resumed its bullish trend on Wednesday, reaching levels right above 1.1640 at the time of writing.