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The AUD/USD pair extends its downside around the mid-0.6500s during the early Asian session on Wednesday.

The GBP/JPY slid for the third straight trading day on Tuesday, closing down for six out of the seven consecutive days.

The US Dollar (USD), gauged by the US Dollar Index (DXY), is edging higher, currently trading near 104.00 while posing a threat to the 20-day SMA at 104.05.

The EUR/JPY extends its losses for the seventh straight day and hovers just above the top of the Ichimoku Cloud (Kumo), at around 158.89, down by 0.36% daily after reaching a daily high of 159.71.

In Tuesday's session, the EUR/GBP mildly retreated to the 0.8570 region.

United States API Weekly Crude Oil Stock climbed from previous -0.817M to 0.594M in December 1

The EUR/USD is down around four-tenths of a percent on Tuesday, with the Euro (EUR) declining 0.65% peak-to-trough against the US Dollar (USD) as markets see a fresh round of risk-off flows into safe havens.

The Canadian Dollar (CAD) eased back further on Tuesday before making a late rebound on the day, shedding a third of a percent against the US Dollar (USD) before paring back the day’s declines to a more manageable level.

Nio (NIO) stock jumped more than 3% in Tuesday’s premarket after the Chinese electric vehicle (EV) manufacturer released third-quarter earnings that showed sales of higher margin SUVs surged 258% from the most recent quarter and 64% from a year ago.

The main focus remains on US labor market data. ADP will report on private employment on Wednesday, and the Unit Labor Cost data will also be important.