The shared currency retreats below 1.1900 on Wednesday as the Greenback stages a recovery on a strong jobs report in the United States showed the strength of the economy. At the time of writing, the EUR/USD trades at 1.1885, down 0.07%.
UOB Global Economics & Markets Research reports that Singapore’s 4Q25 GDP was revised significantly higher, driven by stronger manufacturing, services and construction. This lifted full‑year 2025 growth and prompted the authorities to raise the official 2026 forecast range.
A Wall Street Journal article reported that the Pentagon is preparing a second aircraft carrier to deploy to the Middle East.
The United States (US) released stronger-than-expected US Nonfarm Payrolls report for January, adding 130K jobs in quite an auspicious start to the year, while the Unemployment Rate ticked lower to 4.3%, and Average Hourly Earnings held steady at 3.7% over the last twelve months.
MUFG’s Senior Currency Analyst Lloyd Chan notes Indonesia enters 2026 with solid growth momentum but rising fiscal and policy risks.
US Treasury yields rise across the curve on Wednesday, with the US 10-year Treasury note rising nearly one and a half basis points to 4.155% following the release of a strong jobs report in the US, which trimmed investors’ expectations of further easing by the Federal Reserve (Fed).
The Japanese Yen (JPY) stays on the front foot against the US Dollar (USD) on Wednesday, extending its three-day winning streak as broad-based Yen demand keeps the pair under pressure.
Gold (XAU/USD) price holds firm above $5,000 on Wednesday after the latest US jobs report exceeded forecasts, triggering a re-pricing for a less dovish than expected Federal Reserve (Fed) throughout the first semester of 2026. At the time of writing, XAU/USD trades at $5,054, up 0.61%.
West Texas Intermediate (WTI) crude oil surged above $65.00 per barrel on Wednesday, gaining over 1% as escalating US-Iran tensions continued to inject a geopolitical risk premium into energy markets.
Silver (XAG/USD) trades higher on Wednesday, hovering around $83.90 at the time of writing, up 3.65% on the day. The white metal maintains a constructive tone after absorbing the initial pressure triggered by the release of a solid US employment report, which briefly supported the US Dollar (USD).
AUD/USD trades around 0.7110 on Wednesday at the time of writing, up 0.56% on the day, supported by a more favorable external backdrop and by the hawkish tone of the Reserve Bank of Australia (RBA).
The British Pound (GBP) remains on the back foot against the Japanese Yen (JPY) on Wednesday, with GBP/JPY sliding to its lowest level since December 19 amid broad-based strength in the Yen. At the time of writing, the cross is trading near 209.25, extending losses for a third straight day.
BNY’s Head of Markets Macro Strategy Bob Savage highlights that Latin American assets have seen strong, broad-based inflows across equities, bonds and FX, leaving positioning elevated versus other Emerging Markets.
The Dow Jones Industrial Average (DJIA) gave back early gains on Wednesday, shedding around 120 points to close down roughly 0.2% near 50,010 after briefly reclaiming the 50,000 handle in early trading.
USD/CHF is holding a firm downtrend on the daily chart on Wednesday, trading near 0.7720, well below both the 50-day Exponential Moving Average (EMA) at 0.7868 and the 200-day EMA at 0.8120.
Standard Chartered’s Dan Pan argues that while cheaper imported goods and a stronger Brazilian Real have sharply reduced goods inflation and allowed BCB to signal rate cuts from March, persistent services inflation near 5–6% is likely to keep core and headline inflation above target.
USD/CAD edges higher on Wednesday after reports that the US is privately considering withdrawing from the US-Mexico-Canada Agreement (USMCA), weighing on the Canadian Dollar (CAD). At the time of writing, the pair trades around 1.3612, rebounding from intraday lows near 1.3500.
Federal Reserve (Fed) Bank of Kansas City President, Jeffrey Schmid, said it is appropriate to maintain a restrictive monetary policy as inflation approaches 3%.
The Pound Sterling (GBP) advances agains the US Dollar (USD) during the North American session on Wednesday, but retreated from daily highs of 1.3712 following a stronger-than-expected jobs report in the US. At the time of writing, GBP/USD trades at 1.3655, up 0.10%.
USD/JPY trades around 153.30 on Thursday at the time of writing, down 0.70% on the day, after briefly advancing following the release of a stronger-than-expected US jobs report.
BNY’s Head of Markets Macro Strategy Bob Savage notes that the Australian Dollar is trading above 0.71, its highest level since February 2023, as markets price a roughly 70% chance of another 25 bp RBA hike in May.
Gold (XAU/USD) holds firm on Wednesday after coming under brief pressure following an upbeat US labour market report. At the time of writing, the metal trades near $5,070 after bouncing from an intraday low of $5,018.
ING’s Francesco Pesole expects the Riksbank to keep rates on hold through 2026 despite inflation falling temporarily to around 1%.
EUR/USD came under brief pressure on Wednesday as a surprisingly firm US jobs report boosted the US Dollar (USD) and weighed on the Euro (EUR). At the time of writing, the pair trades around 1.1875, after sliding about 68 pips to an intraday low near 1.1833 in the immediate reaction to the data.
TD Securities expects the Bank of Canada’s Summary of Deliberations to deliver a more nuanced message than January’s cautious statement.
West Texas Intermediate (WTI) US Oil trades around $65.15 on Wednesday at the time of writing, up 1.53% on the day, extending the rebound that began earlier this week.
Rabobank’s Jane Foley highlights that UK political uncertainty around Prime Minister Starmer’s leadership is limiting Pound relief, with EUR/GBP holding near 0.8700 and GBP the weakest G10 currency on a 5‑day view.
Nonfarm Payrolls (NFP) in the United States (US) rose by 130,000 in January, the US Bureau of Labor Statistics (BLS) reported on Wednesday. This reading followed the 48,000 (revised from 50,000) increase recorded in December and came in above the market expectation of 70,000.
MUFG’s Lee Hardman reports that the Australian Dollar has gained nearly 6.5% against the US Dollar this year, supported by the RBA’s early rate hikes and hawkish comments from Deputy Governor Andrew Hauser.
Nomura expects Euro area GDP growth to accelerate in 2026–2027 to around 1.7–1.8% year-on-year, above estimated potential of roughly 1.1–1.2%.
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