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The USD/CAD outlook points to a bearish trend, with the dollar weakening as a surge in unemployment claims reinforced Fed rate cut bets.
Gold price is holding near a new record high of $2,288 reached in the early Asian session on Wednesday, as softer US Dollar (USD) and the US Treasury bond yields lend support to the bright metal along with escalating Middle East geopolitical tensions.
The NZD/USD pair attracts some dip-buying during the Asian session on Wednesday and might now be looking to build on the overnight recovery move from levels just below mid-0.5900s, or the YTD low.
The Japanese Yen (JPY) edges higher against its American counterpart during the Asian session on Wednesday, albeit it lacks follow-through and remains confined in a familiar range held over the past two weeks or so.