The Aussie is trading just above 0.7050 after a gain of not quite two tenths of a percent, its best level in seven weeks and the first time since mid-June that price has held clear of the 50-day Exponential Moving Average (EMA) near 0.7000.

Monday's session did the entire week's work in a single candle, reclaiming the moving-average band that had capped every rally since mid-July and stalling just short of 1.3500. The two sessions since have traded wholly inside it.

The Mexican Peso extends its gains for the ninth consecutive day on Wednesday, as the US Dollar remains on the back foot amid softer-than-expected US jobs data ahead of the crucial Nonfarm Payrolls report. The USD/MXN trades at 17.24, down 0.10%.

EUR/USD trades on the front foot near 1.1560 on Wednesday, adding around 0.2% as a weak United States (US) labor market report undermines the US Dollar (USD).

The Swiss Franc (CHF) strengthens against the US Dollar (USD) on Wednesday as weaker-than-expected US economic data pressures the Greenback, while traders closely follow efforts to reopen the Strait of Hormuz. At the time of writing, USD/CHF trades around 0.8078, down nearly 0.18% on the day.

USD/JPY trades around 157.65 on Wednesday at the time of writing, little changed on the day, as weakness in the US Dollar (USD) is offset by investors' cautious stance toward the Japanese Yen (JPY).

The Pound Sterling advances some 0.12% on Wednesday as the US Dollar registers back-to-back days of losses, after US jobs data was softer than expected, even though business activity in the services sector continues to expand solidly. The GBP/USD trades at 1.3467.

EUR/JPY trades broadly flat near 181.94 on Wednesday, up a marginal 0.01% as the cross pauses after a steady four-session recovery.

AUD/USD trades around 0.7060 on Wednesday at the time of writing, up 0.20% on the day. The pair benefits from broad-based US Dollar (USD) weakness as investors react to softer US economic data and an improvement in risk sentiment driven by the latest geopolitical developments.

Scotiabank strategists Shaun Osborne and Eric Theoret describe the Euro (EUR) as steady in the mid-to-lower 1.15 area, trading close to fair value based on 2-year US–Germany spreads. Fundamentals and sentiment are seen as constructive, underpinning EUR recovery since early Q3.

BNY’s Geoff Yu notes Brazilian portfolio inflows are near post-COVID highs ahead of the Selic decision, with strong demand for equities and government bonds.

EUR/USD trades modestly higher on Wednesday as weaker-than-expected US labour market data and easing energy-driven inflation risks temper Federal Reserve (Fed) rate-hike expectations and weigh on the US Dollar (USD).

TD Securities strategists see the recent intervention-driven USD/JPY decline as cyclical rather than regime-changing. They expect December as the more likely timing for the next Bank of Japan (BoJ) hike and doubt sustained joint US‑Japan intervention support.

Reuters’ latest poll of foreign exchange strategists shows a modest downward revision in Euro (EUR) forecasts while highlighting persistent market skepticism over the effectiveness of Japanese currency intervention.

Brown Brothers Harriman’s (BBH) Elias Haddad reports USD/INR is firmer after recently testing a one‑month low, following the Reserve Bank of India’s (RBI) unanimous decision to keep its policy rate at 5.25% and maintain a neutral bias.

Commerzbank’s Norman Liebke notes that markets expect a further 25 bps cut from the Brazilian Central Bank (BCB), but real rates would remain highly restrictive near 9.4%.

USD/CAD trades around 1.4040 on Wednesday at the time of writing, down 0.14% on the day, as the Canadian Dollar (CAD) benefits from a rebound in Oil prices.

USD/JPY trades under modest pressure on Wednesday as easing tensions in the Middle East and weaker US labour market data weigh on the US Dollar (USD). At the time of writing, the pair trades around 157.45, down 0.20% on the day.

TD Securities reviews New Zealand’s Q2 labour report, noting unemployment rose to 5.6%, an 11‑year high, partly on higher participation, while employment still grew 0.5% quarter‑on‑quarter. Private-sector wages slightly beat consensus and the RBNZ’s May forecast.

Societe Generale’s Kit Juckes, drawing on Scott Bessent’s perspective, argues that recent coordinated US-Japan action in the Japanese Yen is part of a broader US trade strategy.

The Euro (EUR) trades 0.15% higher at around 1.1550 against the US Dollar (USD) during the European trading session on Wednesday. The major currency pair gains as the US Dollar faces selling pressure ahead of a busy North American session.

Silver (XAG/USD) has found some resistance at the $61.90 area on Wednesday, before pulling back to $61.24 at the moment of writing, but remains above the top of the last four weeks’ range, at the $60.90 area.

The British Pound (GBP) extends gains for the second consecutive day against the Japanese Yen (JPY) on Wednesday, with the GBP/JPY pair holding around 212.30 after bouncing from five-month lows at 209.55 on Monday.

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann describe USD/JPY price action as muted, with the pair confined to 157.15–157.95 and momentum turning flat. They expect intraday range trading between 157.00 and 158.30.

NZD/USD declines to around 0.5860 on Wednesday at the time of writing, down 0.54% on the day, following the release of weaker-than-expected New Zealand employment data. The New Zealand Dollar (USD) comes under selling pressure as investors reassess the outlook for monetary policy.

The GBP/USD pair gains follow-through positive traction for the second straight day and sticks to modest intraday gains through the first half of the European session on Wednesday.

The Australian Dollar (AUD) trades flat against the US Dollar (USD) at around 0.7050 during the European trading session on Wednesday. The Aussie pair struggles for a direction as investors await the United States (US) ADP Employment Change data for July, which will be published at 12:15 GMT.

BNY’s Geoff Yu argues that coordinated intervention has not significantly increased foreign exposure to the Japanese Yen (JPY), with investors still net long JPY but at much lower levels than in H1 2026.

The Euro (EUR) holds marginal gains against the US Dollar (USD) on Wednesday, with the EUR/USD pair consolidating around the 1.1530 area, a few pips below seven-week highs at 1.1558.

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann notes AUD/USD rebounded strongly to close at 0.7047 after an overdone retreat, with short‑term momentum building.