Atlanta Federal Reserve (Fed) President Raphael Bostic said on Wednesday that GVP growth is solid and that he expects to see that continuing in 2026, while participating in a moderated discussion at the Gwinnett County Chamber of Commerce in Georgia.

United States 20-Year Bond Auction: 4.798% vs 4.706%

The Euro (EUR) rebounds against the US Dollar (USD) on Wednesday after coming under pressure earlier, as a short-lived recovery in the Greenback fades. At the time of writing, EUR/USD trades near 1.1750, reversing from a daily low around 1.1703.

Binance is exploring ways to return to the United States (US) market through its subsidiary, Binance.US, according to a Bloomberg report. The enthusiasm follows Binance co-founder Changpeng Zhao’s (CZ) pardoning by US President Donald Trump in October.

Russia Producer Price Index (YoY) dipped from previous 0.7% to -1.1% in November

Russia Producer Price Index (MoM): -0.9% (November) vs previous 0.9%

GBP/USD drops below 1.3400 on Wednesday as the latest inflation report in the UK dipped sharply ahead of the Bank of England’s (BoE) monetary policy decision. At the same time, the Greenback recovers some ground a headwind for Sterling.

The Swiss Franc (CHF) regains ground against the US Dollar (USD) on Wednesday, with USD/CHF trimming earlier gains as the Greenback’s rebound loses momentum and traders digest the Swiss National Bank’s (SNB) Quarterly Bulletin for the fourth quarter.

United States EIA Crude Oil Stocks Change came in at -1.274M, below expectations (-1.1M) in December 12

Ripple (XRP) is holding above $1.90, a short-term support, as headwinds intensify in the broader crypto market on Wednesday.

The British Pound (GBP) trims earlier losses against the Japanese Yen (JPY) on Wednesday after an initial sell-off triggered by softer-than-expected UK inflation data. At the time of writing, GBP/JPY is trading around 207.80, rebounding after buyers stepped in near the 207.00 psychological level.

The Japanese Yen (K{U}) weakened as markets looked past solid domestic data and focused on positioning and Friday’s Bank of Japan (BoJ) meeting, where a rate hike and a more hawkish outlook are widely expected, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Pound Sterling (GBP) weakened sharply against the US Dollar (USD) after softer-than-expected inflation reinforced expectations of a Bank of England (BoE) rate cut and a more dovish policy path into 2026, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Euro (EUR) is soft, down 0.2% against the US Dollar (USD) while outperforming most of the G10 currencies in an environment of broad-based USD strength as we head into Wednesday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

USD/CAD notched up a slightly lower low in the current down cycle yesterday and while the CAD is a little softer this morning, it is still bucking its usual trend of seasonal ambivalence in December, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The US Dollar (USD) gained amid holiday positioning and a Trump-imposed Venezuelan oil blockade, though slowing labor market trends suggest the Fed could ease more aggressively in 2026.

Federal Reserve (Fed) Governor Christopher Waller said on Wednesday that the Fed is not in a rush to cut interest rates, given the current outlook, per Reuters.

Canada Foreign Portfolio Investment in Canadian Securities registered at $46.62B above expectations ($21.84B) in October

Canada Canadian Portfolio Investment in Foreign Securities dipped from previous $22.12B to $-11.58B in October

The Euro (EUR) strengthens against the British Pound (GBP) on Wednesday, as softer-than-expected UK inflation data weigh on Sterling, while stable Eurozone inflation leaves the Euro relatively supported. At the time of writing, EUR/GBP is trading around 0.8785, reversing the previous day’s losses.

Gold (XAU/USD) is posting marginal gains on Wednesday, but price action remains contained within previous ranges. Upside attempts remain capped below all-time highs at $4,350, and bears are contained above the $4,260-$4,270 so far.

The EUR/JPY pair is up 0.25% to near 182.15 during the European trading session on Wednesday.

Bitcoin (BTC) is edging lower toward $86,000 at the time of writing on Wednesday amid broad risk aversion sentiment in the cryptocurrency market. Ethereum (ETH) holds above $2,900, but its upside has been capped at $3,000 amid diminishing institutional interest.

United States MBA Mortgage Applications: -3.8% (December 12) vs previous 4.8%

Ripple (XRP) is trading near $2.00 ahead of the New Year after a volatile 2025 that saw the cross-border remittance token swing to a new record high of $3.66 in July. 

The Euro (EUR) has benefited from Germany’s fiscal loosening and diversification flows, but stronger US growth projections and resilient consumer spending suggest EUR/USD may remain range-bound in 2026 rather than extending a major rally, Rabobank's FX analyst Jane Foley reports.

Gold (XAU/USD) trades with a mild positive bias on Wednesday but struggles to build on early gains, as a rebound in the US Dollar (USD) caps upside momentum. At the time of writing, XAU/USD is trading around $4,315, easing back after briefly touching $4,342 during the early European session.