Silver price (XAG/USD) extends its gains for the third successive session, trading around $30.80 per troy ounce during Asian hours on Wednesday.

The Indian Rupee (INR) flat lines on Wednesday. The persistent US Dollar (USD) buying from foreign portfolio investors and local oil companies could weigh on the lNR.

The Japanese Yen (JPY) edges lower against its American counterpart during the Asian session on Wednesday, though it remains close to over a one-month peak touched the previous day.

The Australian Dollar (AUD) remains subdued against the US Dollar (USD) on Wednesday.

The Reserve Bank of New Zealand (RBNZ) published its Sectoral Factor Model Inflation gauge for the fourth quarter of 2024, following the release of the official Consumer Price Index (CPI) by the NZ Stats early Wednesday.

With markets fully pricing in an interest rate hike by the Bank of Japan (BoJ) on Friday, the head of Rengo – Japan’s largest national trade union center said Wednesday that he agrees with the BoJ there is wage hike momentum in Japanese regions.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $75.55 on Wednesday.

On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1696 as compared to the previous day's fix of 7.1703 and 7.2642 Reuters estimates.

Chinese Vice Premier Ding Xuexiang warned on Tuesday that there are “no winners” in a trade war as China confronts the threat of tariffs under Donald Trump's newly elected government, per CNBC.

The NZD/USD pair attracts some sellers to near 0.5660 during the early Asian session on Wednesday.

EUR/USD ground into a circle on Tuesday, marking in chart churn around the 1.0400 handle as Fiber bids struggle to find direction.

Australia Westpac Leading Index (MoM) dipped from previous 0.1% to 0% in December

US President Donald Trump said on Tuesday that his administration is discussing imposing a 10% tariff on goods imported from China on February 1 because fentanyl is being sent from China to Mexico and Canada, per Reuters.

GBP/USD spun in a circle on Tuesday, falling and then climbing in lockstep with global money flows into and out of the US Dollar.

The USD/CAD pair trades with mild gains around 1.4340 during the early Asian session on Wednesday.

Gold rallied more than 1% and hit a two-month high of $2,745 on Tuesday as investors seeking safety bought the non-yielding metal following US President Donald Trump's remarks on tariffs.

New Zealand’s Consumer Price Index (CPI) rose 2.2% QoQ in the fourth quarter (Q4) of 2024, compared with the 2.2% increase seen in the third quarter, according to the latest data published by Statistics New Zealand on Wednesday.

The Mexican Peso erased some of Monday’s gains on US President Donald Trump’s inauguration day after the latter threatened to impose 25% tariffs on Mexico and Canada as soon as February 1.

NZD/USD edged lower to 0.5670 on Tuesday, extending its recent stretch of range-bound action between 0.5690 and 0.5565.

The Australian Dollar (AUD) mildly rose to 0.6270 on Tuesday, recovering after briefly falling near 0.6220 when United States (US) President Donald Trump reiterated plans to impose tariffs on China.

The US Dollar Index (DXY) trades just above 108.00 and flips into losses if more selling pressure arises.

New Zealand Consumer Price Index (YoY) above expectations (2.1%) in 4Q: Actual (2.2%)

The USD/CHF whipsawed during Tuesday's session after US President Donald Trump hinted that he could impose tariffs on Mexico and Canada as he was signing a tranche of executive orders on day 1.

South Korea Consumer Sentiment Index up to 91.2 in January from previous 88.4

The Dow Jones Industrial Average (DJIA) absorbed newly-minted President Donald Trump’s last-minute pivot away from enacting sweeping tariffs on his first day in office with jubilation.

The Canadian Dollar (CAD) went end-over-end on Tuesday, whipsawing as Loonie traders grapple with a mixed bag of political headlines and inflation data that strongly implies more rate cuts are on the table.

The US Dollar remained on the defensive, adding to Monday’s pullback as further market chatter around US tariffs failed to underpin the initial bullish bias in the currency.

United States 52-Week Bill Auction: 4.025% vs previous 4.07%

The tick lower in inflation in December to 1.8% was above our own assumption for a 1.5% increase, but largely due to a smaller than assumed reduction in prices from the temporary GST/HST holiday in December, and was still slightly below market expectations for a 1.9% reading, RBC Economics' Assistan

USD/CNH fell sharply below 7.26 at one point after Trump announced there was no immediate plans for tariffs and calls for further study. USD/CNH was last seen at 7.2712 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.