United States Producer Price Index ex Food & Energy (YoY) increased to 2.9% in October from previous 2.6%

United States Producer Price Index ex Food & Energy (MoM) rose from previous 0.1% to 0.3% in October

United States Producer Price Index (YoY) climbed from previous 2.7% to 2.8% in October

United States Producer Price Index (MoM): 0.1% (October) vs previous 0.3%

United States Producer Price Index ex Food & Energy (YoY) came in at 3%, above forecasts (2.7%) in November

United States Producer Price Index ex Food & Energy (YoY) increased to 3% in October from previous 2.6%

United States Producer Price Index (YoY) above expectations (2.7%) in November: Actual (3%)

United States Producer Price Index (MoM): 0.2% (October) vs previous 0.3%

United States Producer Price Index ex Food & Energy (YoY) came in at 3.5%, above expectations (2.7%) in November

United States Producer Price Index (YoY) climbed from previous 2.7% to 3% in October

Gold (XAU/USD) regains a positive footing on Wednesday after a shallow pullback from record highs the previous day, as lingering economic and geopolitical uncertainties continue to underpin safe-haven demand.

Silver (XAG/USD) extends its bullish momentum on Wednesday and trades around $90.50 at the time of writing, up 4.30% on the day.

United States MBA Mortgage Applications climbed from previous 0.3% to 28.5% in January 9

Bitcoin (BTC) is trading above $95,000 at the time of writing on Wednesday, as positive sentiment lifts the broader cryptocurrency market's bullish outlook. Altcoins, including Ethereum (ETH) and Ripple (XRP), are also holding onto some of the gains from Tuesday's macro-driven rally.

The USD/CAD pair trades flat around 1.3885 during the European trading session on Wednesday. The Loonie pair consolidates ahead of the United States (US) Producer Price Index (PPI) data for October and November, and the Retail Sales data for November.

USD/JPY eased below 159.00 after hitting 159.45 overnight, prompting fresh warnings from Japanese Finance Minister Satsuki Katayama against speculative or excessive yen movements, BBH FX analysts report.

USD/CNH remains just above this week’s cyclical low near 6.9600 as China’s December trade data exceeded expectations, with both exports and imports showing solid year-on-year growth, BBH FX analysts report.

The Japanese Yen is trimming some losses on Wednesday as the US Dollar recovery falters.

US inflation came in softer than consensus and notably below our own expectation of a 0.4% month‑on‑month core reading.

Prices of Gold and Silver reversed the earlier dip to trade fresh highs for the session. The earlier dip was a knee-jerk response to new margin changes.

Germany 30-y Bond Auction increased to 3.45% from previous 3.26%

Bitcoin (BTC) price is trading around $95,000 on Wednesday after rallying over 4.5% and closing above a key resistance zone the previous day. Improving risk appetite, fueled by softer-than-expected US inflation data on Tuesday, triggered demand for risk assets.

European Union (EU) Commission President Ursula von der Leyen announced the allocation of funds for Ukraine’s military and budget support during the European trading session on Wednesday.

US Dollar (USD) is likely to trade in a range between 6.9650 and 6.9800. In the longer run, USD remains neutral but is now expected to trade in a lower range of 6.9520/6.9900, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Pi Network (PI) trades around $0.2100 at press time on Wednesday, steadying after a 1% bounce back from a crucial support trendline on the previous day. The rebound aligns with improving sentiment across the broader cryptocurrency market as Bitcoin (BTC) resurfaces above $95,000.

United Kingdom 10-y Bond Auction: 4.456% vs previous 4.613%

Oil prices climbed sharply, with Brent rising toward multi‑week highs near the mid‑$60s as escalating unrest in Iran and the threat of U.S. tariffs on countries trading with Tehran boosted supply disruption fears and added a geopolitical risk premium to crude markets, OCBC's FX analysts Sim Moh Sion