The US Dollar (USD) is experiencing a decline following a series of weaker economic data releases. The USD has shown broad weakness against major currencies, including the Japanese Yen (JPY) and the Euro (EUR). The JPY has strengthened due to better-than-expected Japanese wage data and risk aversion in the market, with USD/JPY near 145. Meanwhile, the Euro has gained on stronger German factory orders, Eurozone retail sales, and Producer Price Index (PPI). The Canadian Dollar (CAD) remains flat following a dovish rate cut by the Bank of Canada (BoC). Additionally, the equity markets are facing pressure, with the US S&P 500 and Nasdaq expected to open lower. APAC stocks traded mixed amid tentative market tone. The market is also anticipating further US economic data, including the Beige Book and Non-Farm Payroll (NFP) report.