The Australian Dollar (AUD) declines against the US Dollar (USD) on Wednesday, extending its losses for the fifth consecutive day.

The EUR/USD pair steadies around the 1.1750 area during the Asian session on Wednesday, and for now, seems to have stalled the previous day's sharp retracement slide from the highest level since September 24.

On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0573 compared to the previous day's fix of 7.0602.

The NZD/USD pair struggles to capitalize on the previous day's bounce from the 0.5760-0.5755 region, or an over one-week low, and ticks lower during the Asian session on Wednesday.

The GBP/USD pair gains momentum to around 1.3425 during the early Asian session on Wednesday. The Pound Sterling (GBP) edges higher against the Greenback on the upbeat UK preliminary S&P Global Purchasing Managers' Index (PMI) data. Traders will take more cues from the Fedspeak later on Wednesday. 

The USD/JPY pair attracts some sellers near 154.80 during the early Asian session on Wednesday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) amid growing speculation that the Bank of Japan (BoJ) will hike rates to 0.75% on Friday. 

EUR/USD holds firm at around 1.1750, virtually flat after the latest US jobs report reinforced the chances that the Federal Reserve (Fed) could continue its easing cycle into next year. At the time of writing, the pair posted minuscule losses of 0.04%.

The Japanese Yen (JPY) strengthens against the US Dollar (USD) on Tuesday as the Greenback remains on the back foot following the release of the delayed October and November Nonfarm Payrolls (NFP) reports.

The GBP/USD surges 0.42% on Tuesday as the latest US jobs report revealed the labor mark weakness, while Retail Sales were unexpectedly unchanged from September figures, an indication of consumers’ resilience. At the time of writing, the GBP/USD trades at 1.3432 after reaching a daily low of 1.3355.

The Euro (EUR) edges higher against the US Dollar (USD) on Tuesday after brief two-way volatility as traders digested the delayed US labour market and consumer spending data.

The Euro (EUR) weakens against the British Pound (GBP) on Tuesday, as Sterling outperforms most major peers following the release of UK labour market data. At the time of writing, EUR/GBP trades around 0.8763, down nearly 0.25% on the day, snapping a three-day winning streak.

The Pound Sterling (GBP) outperformed as UK labor market conditions eased and the December PMI signaled firmer private sector growth, while markets fully priced in an upcoming Bank of England rate cut, BBH FX analysts report.

EUR/USD is trading near its highest level since October 1 as Eurozone PMI data showed a modest slowdown, while German ZEW expectations improved sharply.

USD/JPY softened as UST yields slipped, with the market largely pricing in a 25bp Bank of Japan (BOJ) hike this Friday and another in 2026.

Eurozone ZEW Survey - Economic Sentiment jumps sharply to 33.7 in December. The sentiment indicator was expected to increase slightly to 26.3 from 25.0 in November.

Eurozone ZEW Survey – Economic Sentiment above expectations (26.3) in December: Actual (33.7)

Eurozone Trade Balance s.a. dipped from previous €18.7B to €14B in October

Eurozone Trade Balance n.s.a. dipped from previous €19.4B to €18.4B in October

Germany ZEW Survey – Current Situation came in at -81, below expectations (-80) in December

Germany ZEW Survey – Economic Sentiment above forecasts (38.5) in December: Actual (45.8)

Food prices in New Zealand fell by 0.4% in November compared with the previous month. However, they are still 4.4% higher than a year ago and therefore continue to pose a problem for the central bank.

The flash estimates for the Japanese purchasing managers' indices were somewhat weaker this morning than in the previous month. However, at 51.5, the composite PMI remained in expansionary territory.

Eurozone HCOB Services PMI came in at 52.6 below forecasts (53.9) in December

Eurozone HCOB Manufacturing PMI below forecasts (49.9) in December: Actual (49.2)

Eurozone HCOB Composite PMI came in at 51.9, below expectations (53) in December

The Pound Sterling (GBP) demonstrates sheer volatility against its major currency peers on Tuesday, following the release of the United Kingdom (UK) labour market data for the three months ending in October.

Germany HCOB Services PMI below expectations (52.8) in December: Actual (52.6)

Germany HCOB Composite PMI below expectations (52.5) in December: Actual (51.5)

Germany HCOB Manufacturing PMI below expectations (48.5) in December: Actual (47.7)

EUR/USD remains steady near two-and-a-half-month highs on Tuesday, trading practically flat at 1.1750 at the time of writing, ahead of the release of the preliminary Eurozone Manufacturing and Services Purchasing Managers Indexes (PMIs) for December and the delayed US employment figures.