Daily market news

USD/CHF edges lower for the second successive session, trading around 0.9060 during the Asian hours on Wednesday.

The NZD/USD pair gains traction near 0.6055 on Wednesday during the early European trading hours.

West Texas Intermediate (WTI) crude Oil price retraces its recent losses, trading around $78.30 per barrel during Wednesday's Asian session.

The EUR/USD pair trades with a bullish bias around 1.0815 during the early Asian trading hours on Wednesday.

The GBP/USD pair consolidates its gains around 1.2590 during the early Asian session on Wednesday.

West Texas Intermediate (WTI) US Crude Oil fell to $77.30 on Tuesday as market sentiment regarding Federal Reserve (Fed) interest rate cut expectations begins to crumble, but a late-day Crude Oil supply update from the American Petroleum Institute (API) helped to bolster barrel bids.

During the North American session, the Euro prolonged its gains versus the Japanese Yen in late trading.

The USD/JPY climbed during the North American session after inflation data in the United States (US) showed that prices on the producer side edged higher than expected.

Silver price (XAG/USD) jumps higher to $28.60 in Tuesday’s New York session.

The AUD/USD pair rises further to 0.6620 in Tuesday’s New York session.