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The USD/CAD pair struggles to gain any meaningful traction on the first day of a new week and oscillates in a narrow trading band during the Asian session.
Economists at ANZ Bank see a turning point for the EUR/USD and forecast the pair at 1.15 by the end of the next year.
Former Dallas Federal Reserve (Fed) President Robert Kaplan said on Tuesday that he expects the central bank to start cutting interest rates soon to avoid the risk of sending the US economy into recession.
USD/IDR continued to be buffeted by volatile and rising US rates in 2023.
The USD/JPY fell nine-tenths of a percent on Wednesday as the market leans into bets that the Federal Reserve (Fed) will get pushed into a faster pace of rate cuts in 2024, with some investors expecting rate cuts to begin as soon as next March.