EUR/USD
EUR/USD extends its gains for the third consecutive session, trading around 1.1730 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) continues to lose ground amid rising United States (US)–Greenland concerns.
GBP/USD
GBP/USD remains in the positive territory for the third consecutive session, trading around 1.3430 during the Asian hours on Wednesday. The pair rises as the Pound Sterling (GBP) gains support following Tuesday’s release of UK employment data for the three months to November. Employment increased by 82K after a 17K contraction in the previous period.
USD/JPY
The USD/JPY pair trades on a flat note near 158.20 during the early Asian session on Wednesday. The pair steadies as US President Donald Trump’s renewed tariff threats offset political uncertainty in Japan. Traders will closely monitor Trump’s speech at the World Economic Forum in Davos, Switzerland, later on Wednesday.
AUD/USD
The Australian Dollar struggles against the US Dollar (USD) on Wednesday despite rising United States (US)–Greenland concerns.
The Westpac–Melbourne Institute Leading Economic Index for Australia rose 0.1% month-on-month (MoM) in December 2025, after remaining unchanged in the prior month. At the same time, the six-month annualized growth rate increased to 0.42% from 0.20% in November, indicating that the economic recovery through 2025 is extending into early 2026.
NZD/USD
The NZD/USD pair trades in positive territory for the fourth consecutive day near 0.5835 during the early European session on Wednesday. The US Dollar (USD) weakens against the New Zealand Dollar (NZD) as US President Donald Trump’s tariff threats spark new fears of ‘Sell America’ trade. Traders will keep an eye on Trump’s speech at the World Economic Forum in Davos, Switzerland, on Wednesday.
USD/CAD
The USD/CAD pair trades in a tight range around 1.3835 during the late Asian trading session on Wednesday, but is close to its over-a-week low of 1.3815. The Loonie pair consolidates as investors await speech from United States (US) President Donald Trump at the World Economic Forum (WEF) in Davos at 13:00 GMT.
USD/CHF
USD/CHF halts its three-day losing streak, trading around 0.7910 during the Asian hours on Wednesday. The pair gains ground as the US Dollar (USD) recovers its daily losses despite rising United States (US)–Greenland concerns.
CRUDE OIL
Oil prices fell on Wednesday as an expected build-up of U.S. crude inventories outweighed a temporary halt in output at two large fields in Kazakhstan and geopolitical pressure from U.S. threats of tariffs over its bid to gain control of Greenland.
Gold (XAU/USD) prolongs its weekly uptrend for the third straight day and continues scaling new all-time highs heading into the European session on Wednesday. US President Donald Trump’s threat to slap fresh tariffs on eight European countries that opposed his plan to acquire Greenland triggers a sharp uptick in volatility. Apart from this, persistent geopolitical uncertainties temper investors’ appetite for riskier assets and continue to boost demand for the traditional safe-haven commodity.
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