Daily market news

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.

The USD/CAD pair reverses an Asian session dip to sub-1.4300 levels or a fresh weekly low touched during the Asian session on Wednesday, and for now, seems to have stalled the overnight pullback from the 1.4415 area, or a nearly three-week high.

The Silver price (XAG/USD) attracts some buyers to around $33.85 during the early European session on Wednesday.

The Japanese Yen (JPY) struggles to capitalize on the previous day's modest gains against its American counterpart and attracts fresh sellers during the Asian session on Wednesday.

The AUD/USD pair trades on a flat note near 0.6275 during the early Asian session on Wednesday.

The USD/CAD pair extends the decline to around 1.4295 during the late American session on Tuesday.