NZD/JPY Exchange rate

EUR/USD rose above 1.0970, reaching the highest intraday level since August 11. The pair holds near the highs, supported by broad-based US Dollar weakness as market participants await comments from Federal Reserve officials and US housing data.

GBP/USD rose from daily lows to 1.2648, the strongest level since early September on the back of a weaker US Dollar. The DXY trades near 103.00 at the lowest in almost three months ahead of comments from Fed officials. 

Gold price struggles to build on the overnight breakout momentum through a key barrier. A positive risk tone caps gains amid a modest recovery in the US bond yields and the USD.

Dogecoin has noted a massive rise in wallet addresses with a non-zero balance. This increase is typical of rising demand among market participants for DOGE. On-chain metrics paint a bullish outlook for Dogecoin.

Loans to businesses are now 0.3% lower than in October last year, the first annual decline since July 2015. This confirms that monetary tightening is having a clear effect on the economy. A divide between countries is also opening up.