EUR/JPY extends its losses for the third successive session, trading around 183.70 during the European hours on Wednesday. The currency cross remains within the ascending channel pattern, suggesting a persistent bullish bias.

The AUD/JPY cross attracts some sellers on Wednesday and sticks to modest intraday losses, around mid-104.00s during the first half of the European session. Spot prices, however, lack follow-through and remain close to the highest level since July 2024, touched the previous day.

The Pound Sterling (GBP) revisits the three-month high around 1.3535 against the US Dollar (USD) during the European trading session on Wednesday.

The AUD/USD pair jumps to near 0.6717 during the European trading session on Wednesday, the highest level seen in over a year.

USD/CAD loses ground for the third consecutive day, trading around 1.3680 during the early European hours on Wednesday. The daily chart suggests a potential upside breakout, with falling, converging trendlines forming a bullish descending wedge pattern.

The NZD/USD pair extends its upside to near 0.5845 during the early European session on Wednesday. The US Dollar (USD) weakens against the New Zealand Dollar (NZD) on the prospect of a further interest rate cut by the US Federal Reserve (Fed).

Here is what you need to know on Wednesday, December 24:

The EUR/GBP cross trades in negative territory for the fifth consecutive day around 0.8725 during the early European session on Wednesday.

The GBP/JPY cross attracts some sellers for the second straight day on Wednesday and trades around mid-210.00s, closer to the weekly trough during the Asian session. Spot prices, however, remain within striking distance of the highest level since August 2008, touched on Monday.

The Indian Rupee (INR) ticks down against the US Dollar (USD) in the early trading session on Wednesday. The USD/INR pair edges higher to near 90.16, but is broadly in the corrective phase, following the Reserve Bank of India’s (RBI) intervention last week.

AUD/JPY halts its five-day winning streak. The currency cross is trading around 104.50 after pulling back from 104.72, the highest level since July 2024, reached during the early Asian hours on Wednesday.

The GBP/USD pair trades in positive territory near 1.3510 during the early European session on Wednesday. The Pound Sterling (GBP) strengthens against the Greenback on expectations that the Bank of England (BoE) will follow a gradual monetary easing path in 2026.  

USD/CHF loses ground for the third consecutive session, trading around 0.7880 during the Asian hours on Wednesday.

EUR/USD holds gains for the third successive session, trading around 1.1790 during the Asian hours on Wednesday. On the daily chart, technical analysis indicates a persistent bullish bias, as the pair moves upward within the ascending channel pattern.

The EUR/JPY pair trades 0.27% lower to near 183.60 during the Asian trading session on Wednesday.

The Japanese Yen (JPY) edges higher during the Asian session on Wednesday following the release of the Bank of Japan (BoJ) October meeting Minutes, which indicated that policymakers debated the need to continue raising interest rates.

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.

The Australian Dollar (AUD) advances against the US Dollar (USD) on Wednesday, continuing its winning streak for the third successive session.

On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0471 compared to the previous day's fix of 7.0523 and 7.0240 Reuters estimate.

The NZD/USD pair is seen consolidating its strong weekly gains registered over the past two days and holding steady near its highest level since early October, just below mid-0.5800s during the Asian session on Wednesday.

AUD/USD stepped into a second straight day of firm gains on Tuesday, climbing two-thirds of one percent and adding to the previous day’s 0.68% gain as the US Dollar (USD) falls across the board.

The USD/JPY pair tumbles to around 156.30 during the early Asian session on Wednesday. The US Dollar (USD) weakens against the Japanese Yen (JPY) despite the stronger-than-expected US Gross Domestic Product (GDP) report for the third quarter (Q3).

GBP/USD climbed approximately 0.45% on Tuesday, supported by a general decrease in global US Dollar (USD) flows.

EUR/USD climbed around 0.3% on Tuesday, bolstered by a general easing in global US Dollar (USD) flows.

The Canadian Dollar (CAD) touched its highest bids in five months against the US Dollar (USD) on Tuesday, sending the USD/CAD pair to its lowest levels in 22 weeks.

The US Dollar Index (DXY) struggles to find demand on Tuesday, even after strong United States Gross Domestic Product (GDP) Data. The DXY is now trading near the 98.00 price region after touching a three-month low in the Asian trading hours.

The Australian Dollar (AUD) extends gains against the US Dollar (USD) on Tuesday after the Reserve Bank of Australia’s Meeting Minutes showed policymakers discussed the risk that interest rates may need to rise if inflation remains persistent.

USD/JPY trades around 156.40 on Tuesday at the time of writing, down 0.40% on the day. The pair remains under pressure despite a US Dollar (USD) supported by a string of better-than-expected US data, as the move is largely offset by renewed strength in the Japanese Yen (JPY).

The British Pound (GBP) pares earlier gains against the US Dollar (USD) on Tuesday as traders digest a mixed batch of US economic data. At the time of writing, GBP/USD trades around 1.3478, easing slightly after climbing to its highest level since October 1, near 1.3518.

AUD/USD trades around 0.6680 on Tuesday at the time of writing, up 0.40% on the day. However, the pair is slightly off a three-month high of 0.6700 reached earlier in the day, with the pullback triggered by better-than-expected US economic releases that provided fresh support to the US Dollar.