EUR/AUD Exchange rate

NZD/USD has trimmed gains to reverse near 0.5850 early Wednesday. The New Zealand Dollar found fresh buyers after the RBNZ announced 50 bps interest rate cut to 4.25%, as widely expecteed but RBNZ Governor Orr's prudent remarks check the pair's upside. 

USD/JPY declines to over a two-week low below 153.00 early Wednesday as Trump's tariff threats continue to drive haven flows into the Japanese Yen. However, doubts over the BoJ's ability to tighten its monetary policy further should cap the USD/JPY downside ahead of US data. 

Gold price has found fresh demand, looking to extend the previous rebound toward $2,650 in Wednesday's Asian trading. The ongoing US Dollar weakness and sluggish US Treasury bond yields allow Gold price to gain traction amid a cautiously optimistic market mood. US data awaited for fresh impetus. 

Ripple's XRP is down 6% on Tuesday following record profit-taking among investors as its percentage of total supply in profit reached very high levels in the past week.

The composite PMI dropped from 50 to 48.1, once more stressing growth concerns for the eurozone. Hard data has actually come in better than expected recently – so ahead of the December meeting, the ECB has to figure out whether this is the PMI crying wolf or whether it should take this signal seriously. We think it’s the latter.