According to FX Strategists at UOB Group, EUR/USD could attempt some consolidation ahead of a probable move to 1.1680.
Cable’s performance remains solid and a test of 1.3850 remains on the table in the next weeks, suggested FX Strategists at UOB Group.
USD/JPY has rallied with the yen unable to benefit from risk aversion of late because higher oil prices and higher bond yields are encouraging yen shorts to stick to the game plan.
AUD/USD refreshes multi-day top on crossing the key resistance zone.
NZD/USD has fallen from the highs of the experiential rally that .started on Oct 13 as the greenback started to tail off before the more recent catalyst in New Zealand’s inflation data.
According to the analysts at JP Morgan, USD/CAD looks south towards mid-1.2000s on a sustained break below the 1.2400 threshold.
USD/CHF remains muted on Wednesday in the initial Asian trading hours. After testing the low of 0.9185 in the US session, the pair managed to close higher while composing more than a 50-pips movement.
WTI nears $82.00, down 0.50% intraday amid Wednesday’s initial European session.
Gold traded sharply higher, as US Treasury yields and the USD slipped after the US CPI release but further gains over the near term may be limited, in the view of analysts at HSBC.