New Zealand's NZD Trade Balance fell by 976 million in January, adding to the previous month's 368 million decline (revised from -323 million).
The Euro extended its gains for the second straight day against the Japanese Yen and is up by 0.22% as the EUR/JPY trades at 162.47 late during the North American session.
The Greenback remained slightly on the back foot on Wednesday amidst alternating risk appetite trends and the lack of surprises from the FOMC Minutes, while bets on the potential timing of the first rate cut by the Fed continued to dominate the broad sentiment.
In Wednesday's session, the AUD/JPY pair was spotted making moderate gains, trading at the 98.33 level.
Bitcoin (BTC) price consolidation continues to stretch but steadily leans in favor of the downside.
EUR/USD drifted into the midrange on Wednesday but is on the soft side as traders wait for the latest Federal Reserve (Fed) Minutes.
Gold price retreats on Wednesday after registering four days of straight gains as US Treasury bond yields rise in the vicinity of the release of the Minutes from the Federal Reserve’s (Fed) monetary policy meeting in January.
In Wednesday's session, the NZD/USD traded modestly higher at 0.6167 with the upside limited amid speculations of the Federal Reserve’s (Fed) unchanged rate outlook and softer New Zealand inflation data making the Kiwi struggle to gain ground.
GBP/JPY rotated on Wednesday, marking in a slight new high for the week as the Pound Sterling (GBP) gets a leg up from a broad-market pullback in the Japanese Yen (JPY).
The USD/JPY climb above the 150.00 figure extended its gains ahead of the release of the minutes of the lates Federal Reserve’s (Fed) meeting.
USD/CAD briefly tested a fresh high for the week, but the pair continues to churn in near-term consolidation levels as markets buckle down for the latest meeting Minutes from the Federal Reserve’s (Fed) Federal Open Market Committee (FOMC).
The Mexican Peso (MXN) stays firm against the US Dollar (USD) even though data from Mexico suggests that consumers are spending less, which should weigh on the economy’s outlook.
The US Dollar Index (DXY) experienced a slight setback, resting at 104.00 in Wednesday’s session.
More and more ECB representatives believe that the inflation beast will soon be tamed.
Disappointment summarises the start of 2024 for the Australian Dollar (AUD).
The EUR/USD pair is virtually unchanged in early trading during the North American session, as the Greenback (USD) trims some weekly losses, as the US Dollar Index (DXY) edges back above 104.00.