On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0754 compared to the previous day's fix of 7.0794.
The AUD/JPY cross loses ground to near 102.25 during the early Asian session on Wednesday. The Australian Dollar (AUD) weakens against the Japanese Yen (JPY) following the Australian economic data.
Australia’s Gross Domestic Product (GDP) rose 0.4% QoQ in the third quarter (Q3) of 2025 compared with the 0.6% growth in the second quarter, the Australian Bureau of Statistics (ABS) showed on Wednesday. This reading came in weaker than the expectations of 0.7% expansion.
Gold price (XAU/USD) tumbles to near $4,210 during the early Asian trading hours on Wednesday. The precious metal loses momentum as traders book profits ahead of the upcoming key US data releases.
GBP/USD cycled around the 1.3200 level on Tuesday as Cable traders keep their heads down during the long wait for further signs of interest rate cuts from both the Federal Reserve (Fed) and the Bank of England (BoE) heading into the final weeks of 2025.
The USD/JPY pair attracts some buyers to around 155.85, snapping the three-day losing streak during the early Asian session on Wednesday. The US Dollar (USD) recovers some lost ground against the Japanese Yen (JPY) as traders gear up for upcoming key US data releases.
The EUR/USD registers modest gains of 0.12% late on Tuesday during the North American session, as risk-appetite improves. Expectations for another Fed rate cut in December and Eurozone’s elevated inflation reading, keep the shared currency bid.
Reserve Bank of Australia (RBA) Governor Bullock said on Wednesday that inflation has surprised on the upside, adding that If inflation proves more persistent, it would have implications for policy.
US President Donald Trump teased that a possible pick from his list of potential Federal Reserve (Fed) Chair candidates could be Kevin Hassett, the current chairman of the National Economic Council, who was tapped by Donald Trump for the position.
The Dow Jones Industrial Average (DJIA) faced a messy session on Tuesday, exploring early upside and challenging the 47,600 level before getting knocked back down once again and ending the day on a cautious high note.
The US Dollar (USD) advanced marginally on turnaround Tuesday, enough to halt a multi-day decline as investors geared up for upcoming key US data releases, while speculation around another Fed rate cut next week remained on the rise.
The Euro (EUR) trades flat against the US Dollar (USD) on Tuesday, pressured by a steady Greenback in an otherwise calm market. At the time of writing, EUR/USD is trading around 1.1607, pausing a six-day winning streak after briefly rising to over two-week highs on Monday.
Silver (XAG/USD) moves lower on Tuesday, trading around $57.50 at the time of writing, down 0.70% on the day. The white metal is easing after Monday’s solid upward move, as market participants trim exposure ahead of several key US macroeconomic releases.
GBP/USD holds steady near 1.3200 on Tuesday as the US Dollar (USD) registers minimal gains, despite the US economy continuing to show signs of weakness, which could prompt the Federal Reserve (Fed) to ease policy in the December meeting.
NZD/USD trades slightly higher around 0.5740 on Tuesday at the time of writing, up 0.20% on the day. The pair benefits from renewed downward pressure on the US Dollar (USD), which remains weak as expectations build for further monetary easing from the Federal Reserve (Fed) in December.
The Euro (EUR) edges lower against the Swiss Franc (CHF) on Tuesday, with EUR/CHF trading around 0.9333, easing slightly from the upper end of its multi-day range after trading flat for most of the day as traders show a muted reaction to preliminary Eurozone inflation data.
The Japanese Yen (JPY) slipped 0.3% against the US Dollar (USD), underperforming most G10 currencies as markets digest BoJ Governor Ueda’s hawkish comments.
November saw a record number of Ukrainian attacks on Russian energy targets, with drones hitting refineries and Black Sea tankers, reducing daily processing to around 5 million barrels.
The Pound Sterling (GBP) is modestly lower ahead of Tuesday’s North American session, with limited domestic data leaving the market focused on Bank of England policy, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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