Bitcoin (BTC) kicked off October on a strong note, with the price breaking above $116,000 on Wednesday. Despite a market-wide expectation that September is usually a bearish month for cryptocurrencies, BTC posted gains of 5.31%.
USD/CAD moves sideways after registering gains in the previous session, hovering around 1.3920 at the time of writing during the European hours on Wednesday. The USD/CAD pair may appreciate as the commodity-linked Canadian Dollar (CAD) could face challenges amid declining Crude Oil prices.
Euro (EUR) continued to trade modestly firmer. Pair was last at 1.1760 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note, OCBC's FX analysts Frances Cheung and Christopher Wong note.