Daily market news

The USD/CAD pair attracts some buyers to near 1.4275, snapping the two-day losing streak during the late American session on Thursday.

On Wednesday's American session, the Australian Dollar pulled back after a brief spike to multi-day highs, with the AUD/USD pair slipping back under the 0.6300 threshold.

EUR/USD extended its upward trajectory on Wednesday, rising toward the upper end of its recent range and was last seen near the 1.0900 zone following the European session.

The USD/JPY pair trades with caution around 149.50 during North American trading hours on Wednesday.

EUR/USD stays on its toes as investors expect the European Union (EU) to be one of the leading trading partners of the United States (US) that will attract the highest tariffs.

New Zealand Dollar (NZD) could continue to rebound but any advance is likely part of a 0.5670/0.5725 range. In the longer run, if NZD breaks above 0.5725, it would mean that the weakness has stabilised, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

USD/JPY remains caught in a 2-way trade between safe haven demand and JPY being directly hit by reciprocal tariffs. Pair was last at 149.60, OCBC's FX analysts Frances Cheung and Christopher Wong note.

West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session.

The USD/CHF pair strengthens to around 0.8845 during the early European session on Wednesday.

The EUR/USD pair trades in positive territory near 1.0790 during the early European trading hours on Wednesday.