The USD/CHF pair trades in negative territory near 0.7950 during the early European session on Wednesday. The US Dollar (USD) weakens against the Swiss Franc (CHF) amid persistent geopolitical tensions and dovish comments from the US Federal Reserve (Fed) officials.
The NZD/USD pair trades in a tight range around 0.5785 during the late Asian trading session on Wednesday. The Kiwi pair meanders as the US Dollar (USD) trades calmly ahead of a slew of United States (US) economic data, releasing in the North American session.
The Indian Rupee (INR) gains sharply against the US Dollar (USD) at the open on Wednesday, with the USD/INR pair slumping almost 0.5% to near 89.80.
GBP/USD gains some ground after registering modest gains in the previous session, trading around 1.3510 during the Asian hours on Wednesday.
The EUR/JPY cross attracts some buyers during the Asian session on Wednesday, and for now, seems to have snapped a three-day losing streak amid a broadly weaker Japanese Yen (JPY).
EUR/USD gains ground after three days of losses, trading around 1.1700 during the Asian hours on Wednesday. On the daily chart, technical analysis indicates a potential for a bearish bias; the 14-day Relative Strength Index (RSI) at 47 (neutral) confirms waning momentum.
The Japanese Yen (JPY) remains on the back foot against its American counterpart through the Asian session on Wednesday, though any meaningful depreciating move seems elusive.
Silver price falls to near $80.15 during the Asian trading hours on Wednesday. The white metal edges lower as traders book some profits ahead of the key US economic data later this week. Traders brace for the US ISM Services Purchasing Managers Index (PMI) report on Wednesday.
USD/CAD extends its gains for the fourth successive session, trading around 1.3810 during the Asian hours on Wednesday. The pair appreciates as the commodity-linked Canadian Dollar (CAD) struggles amid lower Oil prices.
The Australian Dollar (AUD) rises against the US Dollar (USD) on Wednesday, continuing its winning streak for the fourth successive session. However, the AUD/USD pair faced challenges following the release of Australia's November Consumer Price Index (CPI).
The AUD/JPY cross declines to around 105.40, snapping the four-day winning streak, during the Asian trading hours on Wednesday. The Australian Dollar (AUD) faces some selling pressure against the Japanese Yen after the infla
On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0187 compared to the previous day's fix of 7.0173 and 6.9896 Reuters estimate.
The GBP/USD pair oscillates in a narrow range, around the 1.3500 psychological mark during the Asian session on Wednesday, and for now, seems to have stalled the previous day's retracement slide from its highest level since September 18.
The USD/JPY pair gains ground to near 156.65 during the early Asian session on Wednesday. The Japanese Yen (JPY) softens against the US Dollar (USD) as the impact of the shock US capture of Venezuelan President Nicolas Maduro over the weekend was short-lived, undermining the safe-haven currency.
The EUR/USD dives over 0.28% on Tuesday even though economic data in the United States (US) was mixed, while Federal Reserve officials delivered neutral-to-dovish comments. Meanwhile, data in the Eurozone shows that economic activity is decelerating in the bloc.
Silver (XAG/USD) continues to rise parabolically, up more than 5%, trading above the $80.00 threshold a troy ounce, despite rising US Treasury yields and a strong US Dollar.
The Japanese Yen (JPY) weakens against the US Dollar (USD) on Tuesday, with USD/JPY reversing the previous day’s losses as the Greenback strengthens across the board, while US Treasury yields move higher. At the time of writing, the pair is trading around 156.70, up nearly 0.23% on the day.
The Pound Sterling retreats after reaching a daily high of 1.3567 as the Greenback stages a recovery despite posting weaker Purchasing Managers Index (PMI) data, and neutral Fed officials remarks. The GBP/USD trade at 1.3519, down 0.15% at the time of writing.
The Canadian Dollar (CAD) softens against the US Dollar (USD) on Tuesday, with USD/CAD holding an upward bias as the Greenback holds firm despite cautious Federal Reserve (Fed) commentary and softer US S&P Global Purchasing Managers Index (PMI) data.
EUR/USD trades in a volatile environment on Tuesday and is hovering around 1.1710 at the time of writing, down 0.15% on the day. The pair has erased earlier gains as disappointing European macroeconomic indicators have revived concerns about the Eurozone growth outlook.
The British Pound (GBP) edges lower against the Japanese Yen (JPY) on Tuesday, with GBP/JPY paring part of the previous day's gains amid quieter market conditions.
The Euro (EUR) holds firm against the Swiss Franc (CHF) on Tuesday as traders digest a heavy slate of Eurozone economic data. At the time of writing, EUR/CHF trades around 0.9289, snapping a two-day losing streak.
The New Zealand Dollar’s rebound from the 0.5740 area on Monday has failed to find follow-through above the 0.5800 level during Tuesday’s European session, and the pair pulled back to the 0.5790 area, heading into the US session opening.The risk-on mood seen on Monday’s US trading session and Tuesda
Australian Dollar’s recovery has been capped at the 0.6740 area on Tuesday, and the pair retreated during the European session to trade at the 0.6715 area at the time of writing, practically flat on the daily chart.
EUR/GBP trades around 0.8660 on Tuesday at the time of writing, virtually unchanged on the day, as market participants adopt a cautious stance ahead of the release of preliminary inflation figures from Germany.
The USD/JPY pair trades marginally higher to near 156.50 during the European trading session on Tuesday.