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The Pound Sterling lost some ground against the US Dollar on Wednesday even though UK inflation data for November was higher than in the previous month.

Silver price (XAG/USD) falls to near $30.30 in the North American session on Wednesday.

The final Eurozone CPI for November was revised down to 2.2%, from the preliminary 2.3%. Core inflation was left unchanged at 2.7%. The Euro (EUR) is virtually flat on the day and ignored the data as tight range trading extended for another day, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

There is an uncomfortable mix of internal and external uncertainties facing the Canadian Dollar (CAD) right now. The charts suggest no relief for the CAD, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

UK inflation data reflected the expected pick up in prices in November. The Pound Sterling (GBP) picked up a little support over the course of European trade but Cable is finding it difficult to hold gains through the low 1.27s, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

Consensus leans towards no move while we stuck to our view for a hike. Typically, BoJ MPC decision can matter for USD/JPY but this time, the USD/JPY may also matter for BoJ given the >3% decline in JPY lately.

Housing Starts in the US declined 1.8% in November to 1.289 million units, the monthly data published by the US Census Bureau revealed on Wednesday.

The USD/CHF pair moves slightly higher to near 0.8945 in the North American session ahead of the Federal Reserve’s (Fed) monetary policy meeting at 20:00 GMT.

United States Building Permits (MoM) registered at 1.505M above expectations (1.43M) in November

United States Building Permits Change increased to 6.1% in November from previous -0.6%

United States Housing Starts Change rose from previous -3.1% to -1.8% in November

United States Housing Starts (MoM) registered at 1.289M, below expectations (1.34M) in November

United States Current Account below forecasts ($-284B) in 3Q: Actual ($-310.9B)

The US Dollar (USD) is narrowly mixed ahead of the outcome of the Fed policy decision later today. DXY gains through 107.15 should trigger another leg up in the index, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

The Euro has given away previous gains and is practically unchanged on the daily chart as ECB speakers, Lane and Wunsch have hinted at further rate cuts by the European Central Bank.

The US Dollar (USD) consolidates on Wednesday, with the DXY Index hovering around 107.00, in the runup to the Federal Open Market Committee (FOMC) interest-rate decision.

Crude Oil trades slightly up on Wednesday at around the $70 round level amid recent headlines that provide both headwinds and tailwinds. Some support for Crude Oil prices came after a chunky drawdown in the crude stockpile change numbers from the

The US Dollar maintains its upside trend from early December lows intact.

Mexico Private Spending (YoY) rose from previous 2.7% to 2.9% in 3Q

Mexico Private Spending (QoQ) climbed from previous -0.6% to 1.1% in 3Q