West Texas Intermediate (WTI) Crude Oil edges higher during the American session on Wednesday after trimming intraday losses. At the time of writing, WTI is trading near the $64.00 mark, but the recovery lacks follow-through as the commodity struggles to extend gains for the fourth straight day.
There was an increase in positive risk reversals in GBP/USD in the aftermath of Liberation Day, which had not occurred in previous years.
The USD/JPY pair remains under some selling pressure around 146.45 during the early Asian session on Wednesday. The US Dollar (USD) weakens against the Japanese Yen (JPY) as investors continue to assess the likelihood of extra interest rate cuts by the Federal Reserve (Fed) in the next few months.