NZD/USD dropped 1% to a six-month low near 0.5740 after the Reserve Bank of New Zealand surprised markets with a 50bps cut to the Official Cash Rate, now at 2.50%. The central bank signaled it remains open to further reductions, citing spare capacity and downside risks to activity and inflation.
EUR/HUF has staged a strong rebound after touching the lower end of its multi-month range near 386. The pair is now testing the 50-day moving average, a key resistance that has limited gains since June, Société Générale's FX analysts note.
Dow Jones futures added 0.12% to trade above 46,900 during European hours on Wednesday, ahead of the regular session opening in the United States (US). The S&P 500 futures rise 0.17% to trade above 6,750, while Nasdaq 100 futures gain 0.21% to remain around 25,100.