The NZD/USD pair gathers strength to around 0.5855 during the early Asian trading hours on Wednesday. The New Zealand Dollar (NZD) edges higher against the US Dollar (USD) following Chinese economic data. Traders will keep an eye on the US inflation data later this week. 

The AUD/USD pair sticks to its positive bias through the Asian session on Wednesday and trades around the 0.7220-0.7225 area, just below its highest level since May 14, touched the previous day. Spot prices, meanwhile, moved little following the release of China's inflation figures.

On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7769 compared to the previous day's fix of 6.7804 and 6.7042 Reuters estimate.

The GBP/USD pair trades with a positive bias near mid-1.3500s during the Asian session on Wednesday, though it lacks bullish conviction and remains confined within the previous day's broader range.

The EUR/USD pair gains traction to near 1.1630 during the early Asian trading hours on Wednesday. Expectations of a rate hike from the European Central Bank (ECB) provide some support to the Euro (EUR) against the US Dollar (USD). ECB President Christine Lagarde is set to speak later in the day. 

The Aussie Dollar finished Tuesday’s session flat after bouncing off daily lows of 0.7204 but failed to sustain its gains as higher oil prices pushed the Greenback higher, leaving the Aussie Dollar nearly flat, according to the US Dollar Index (DXY).

USD/JPY trades just under 154.00, roughly 40 pips lower on Tuesday after a 147-pip round trip.

The USD/JPY continued to fall for the second straight day, losing 0.40%, but found support around 153.00, with the pair set to end the session at around 153.75.

GBP/USD trades just under 1.3550 after a session that spanned 40 pips and returned two-tenths of a pip.

UOB’s Quek Ser Leang and Lee Sue Ann note GBP/USD edged higher to around 1.3545, with no significant build-up in momentum but a modest upside tilt toward 1.3565 in the near term.

The Mexican Peso remains unchanged against the US Dollar on Tuesday as market participants await the release of Mexico’s Fiscal package, which will be delivered to the Mexican Congress for approval. At the time of writing, the USD/MXN trades at 16.91 flatlined.

UOB’s Quek Ser Leang and Lee Sue Ann describe USD/CHF price action as largely directionless, with the pair closing near 0.8090 after trading in a narrow intraday range.

UOB’s Quek Ser Leang and Lee Sue Ann analysts report that EUR/USD was little changed around 1.1620 on Monday, but note a slight pickup in upward momentum.

EUR/GBP rebounds on Tuesday after slipping to a six-day low earlier in the day. The recovery comes as the British Pound (GBP) weakens against most of its major peers following cautious remarks from Bank of England (BoE) Governor Andrew Bailey.

Brown Brothers Harriman’s (BBH) Elias Haddad highlights that USD/JPY briefly hit a seven‑month low near 152.89 before rebounding above 154.00, with support around 152.00 and resistance at 155.00.

Scotiabank strategists Shaun Osborne and Eric Theoret describe GBP/USD as slightly softer but supported by expectations of further Bank of England (BoE) tightening into year-end.

USD/JPY holds just below 154.50, unchanged on the day after a 153-pip round trip. The pair traded well over a Yen lower on the strongest Japanese pay data since 1997 and has bought back all of it. Nothing about the wage number disappointed, and everything about it was already in the price.

USD/CAD rebounds on Tuesday after hitting an intraday low of 1.3760 and trades around 1.3790 at the time of writing, down 0.18% on the day.

EUR/USD holds above 1.1600 after a session that has covered 28 pips and left the pair half a pip from where it opened. European gas hit a three-year high on the same clock, and the European Central Bank (ECB) is expected to raise the deposit rate on Thursday. The pair has priced both at nothing.

The Pound Sterling registers modest gains of over 0.08% as Bank of England (BoE) policymakers testify before the UK Treasury Select Committee, while a light economic docket in the US keeps the Greenback with a negative tone. The GBP/USD trades at 1.3548 after bouncing off the daily low of 1.3521.

AUD/USD holds firm on Tuesday as the US Dollar (USD) struggles to gain traction, while the Reserve Bank of Australia’s (RBA) hawkish stance further supports the Australian Dollar (AUD).

Scotiabank strategists Shaun Osborne and Eric Theoret note that the Canadian Dollar (CAD) is trading close to its fundamental equilibrium, with USD/CAD hovering near fair value around 1.38.

Societe Generale’s Kenneth Broux highlights a sharp USD/JPY pullback, with the pair breaking key graphical support at 155 and trading below its 200-day moving average. The bank flags resistance near 156.25 and downside objectives at 152.00/151.60 and 149.50.

TD Securities remains constructive on South African Rand (ZAR), noting that domestic headwinds have failed to generate sustained weakness and that USD/ZAR’s downtrend remains intact.

Scotiabank strategists Shaun Osborne and Eric Theoret report that the Euro (EUR) is little changed near the low 1.16s as markets await Thursday’s European Central Bank (ECB) meeting, where a 25 bps hike and a hawkish tone are anticipated.

NZD/USD declines 0.37% on Tuesday, trading around 0.5855 at the time of writing. The New Zealand Dollar (NZD) remains under pressure following the release of mixed trade data from China, New Zealand’s largest trading partner.

DBS Group Research economist Philip Wee notes that the Japanese Yen (JPY) has become the best-performing US Dollar Index (DXY) currency in 2026, with USD/JPY falling below its end-2025 level of 156.70.

National Bank of Canada's (NBC) Marion and Dahms highlight a strong Canadian Dollar (CAD) rally in Q3, driven by positive data and higher Oil and Gold prices, which pushed USD/CAD briefly below 1.38. They warn that new U.S. tariffs and trade uncertainty raise downside risks to Canadian growth.

TD Securities highlights that BRL faces elevated election-related risks, with USD/BRL having tested its 200-day SMA resistance over the past month. Drawing parallels with 2014, the bank sees risks skewed toward higher USD/BRL as markets remain concerned about Brazil’s fiscal outlook.

EUR/USD trades virtually flat near 1.1623 during American trading hours on Tuesday. The US Dollar (USD) struggles to hold its earlier gains, helping the Euro (EUR) recover from its intraday low.