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.
GBP/USD remains bolstered on the high end as markets grind through the last trading week of the year.
USD/CAD extends its losses for the third successive session, reaching a five-month low of 1.3675 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) faces challenges amid growing expectations for two rate cuts by the Federal Reserve (Fed) in 2026.