Gold price climbs cautiously during the North American session as traders brace for the release of the latest Nonfarm Payrolls (NFP) figures in the United States (US), which could be crucial for the path of interest rates set by the Federal Reserve (Fed).
The Japanese Yen (JPY) is steadying against the Euro (EUR) on Wednesday as markets continue to monitor trade developments with the United States.
New Zealand Dollar (NZD) is likely to trade in a range between 0.6075 and 0.6120 against US Dollar (USD). In the longer run, NZD could continue to strengthen, but it must first break and hold above 0.6120, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.