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The Australian Dollar (AUD) faces challenges following the release of cooler-than-anticipated Monthly Consumer Price Index (CPI) data from Australia on Wednesday.
EUR/USD extends losses to near 1.0840 during the Asian session on Wednesday as traders adopt a cautious stance ahead of the Euro Zone Economic Sentiment Indicator for February and the preliminary Gross Domestic Product Annualized (Q4) from the United States, scheduled to be released later in the day.
USD/CHF rebounds after two days of losses, improving to near psychological level of 0.8800 during the Asian trading hours on Wednesday.
S&P 500 futures fall 0.37%, Dow Jones futures drop 0.35%, and Nasdaq futures lose 0.46%.
The dollar traded on the back foot on Tuesday, as markets looked ahead to a week of key U.S. economic data that will provide fresh signals on how soon the Federal Reserve may begin cutting interest...