The US Dollar is gaining momentum with investors wary of risk ahead of the release of US CPI data for November.

The US Dollar (USD) is holding on to minor gains on Wednesday after the US Consumer Price Index (CPI) came broadly in line of expectations. No real outliers with the Monthly Headline Inflation coming in at 0.3% while the monthly Core Inflation

The Aussie has bounced up from year-to-date lows with the negative bias intact.

The EUR/GBP pair trades cautiously near a two-year low around 0.8250 in the North American session on Wednesday.

The US Dollar is trading higher for the fourth consecutive day although bulls have been halted at 0.8850 with investors awaiting the reading of November’s US CPI figures.

The Pound Sterling registered decent gains of over 0.20% against the Japanese Yen in early trading during Wednesday's North American session despite the lack of a catalyst boosting the former.

The USD/JPY rose some 0.37% early in the North American session as traders digested the release of November US Consumer Price Index (CPI) figures, which came as expected by the consensus.

The Canadian Dollar (CAD) bounced on Wednesday, regaining one-fifth of one percent against the Greenback and meagerly recovering from recent lows.

The Mexican Peso extended its gains on Wednesday after US economic data showed that November inflation was aligned with estimates, cementing the case for an interest rate cut by the Federal Reserve (Fed).

The Dow Jones Industrial Average (DJIA) spun in a tight circle on Wednesday, keeping close tabs on the 44,200 level after US Consumer Price Index (CPI) inflation broadly met market expectations.

The US Dollar surges as inflation data in the United States holds steady, with traders anticipating a quarter-point interest rate cut by the Federal Reserve next week.

The AUD/USD pair remains on the defensive near 0.6370 after bouncing off a fresh year-to-date (YTD) low of 0.6336.

GBP/USD went nowhere quickly on Wednesday, churning near 1.2750 after US Consumer Price Index (CPI) figures for November widely met median market expectations.

EUR/USD fell for a fourth straight day on Wednesday, shedding one quarter of one percent and easing into the 1.0500 handle as the European Central Bank’s (ECB) latest rate call hangs over Fiber traders.

The NZD/USD pair trades with mild gains around 0.5790 during the early Asian session on Thursday.

Australia’s Unemployment Rate came in at 3.9% in November, compared with the previous figure of 4.1%, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday.

The AUD/NZD cross builds on this week's goodish rebound from the 1.0930 area, or its lowest level since early October and gains positive traction for the fourth successive day on Thursday.

The Australian Dollar (AUD) halts its two days of losses against the US Dollar (USD) on Thursday.

The AUD/JPY cross gathers strength to around 97.40 during the Asian session on Thursday.

USD/CAD extends its losses for the second successive day, trading around 1.4150 during the Asian session on Thursday.

The Indian Rupee (INR) loses ground on Thursday after hitting a record low in the previous session.

The Japanese Yen (JPY) gains some positive traction during the Asian session on Thursday, with the USD/JPY pair snapping a three-day winning streak to a two-week high touched the previous day.

Gold price (XAU/USD) retreats sharply after touching over a one-month high, around the $2,726 area during the Asian session on Thursday and for now, seems to have snapped a three-day winning streak.

GBP/USD recovers its recent losses registered in the previous session, trading around 1.2770 during the Asian hours on Thursday.

The EUR/USD pair edges higher during the Asian session on Thursday and for now, seem to have snapped a four-day losing streak to over a one-week low touched the previous day.

Citing five sources familiar with the Bank of Japan’s (BoJ) thinking, Reuters reported on Thursday that the Japanese central bank is considering to keeping interest rates steady next week.

USD/CHF offers its recent gains as the US Dollar (USD) corrects downwards after breaking its four-day winning streak.

The EUR/JPY cross trades in positive territory for the fourth consecutive day around 160.35 during the early European session on Thursday.

NZD/USD breaks its two days of losses after reaching a two-year low at 0.5761 on Wednesday, currently trading around 0.5820 during the early European hours on Thursday.

The European Central Bank (ECB) interest rate decision will be announced following the December monetary policy meeting at 13:15 GMT on Thursday.

Chinese Commerce Ministry said in a statement on Thursday that “China is open to contact and communication with the Trump administration's economic and trade team.” Commenting on Australian lobster imports, the Ministry said that “China and Australia are still in technical talks.” .

EUR/USD edges higher around 1.0520 in Thursday’s European session ahead of the European Central Bank’s (ECB) interest rate decision, which will be announced at 13:15 GMT.

Following Thursday's quarterly monetary policy assessment, the Swiss National Bank (SNB) cut the benchmark Sight Deposit Rate by 50 basis points (bps) to 0.50% from 1.00%.

USD/CAD remains tepid for the second successive day, trading around 1.4150 during the European session on Thursday.

The USD/CHF pair surges to a fresh two-week high near 0.8900 as Swiss France (CHF) dives after the Swiss National Bank (SNB) surprisingly reduces its key borrowing rates by 50 basis points (bps) to 0.5%.

EUR/CHF gains ground following the SNB Monetary Policy Assessment, trading around 0.9340 during the European hours on Thursday.

The Pound Sterling (GBP) consolidates against its major peers on Thursday, but the British currency remains firm against its major counterparts due to expectations that the Bank of England (BoE) will follow a more gradual policy-easing cycle compared with other central banks in Europe and North America.

Gold (XAU/USD) is hesitating below a one-month high at $2,720 on Thursday’s European session following a sharp rally over the last three days.