The Aussie held its ground against the greenback on Wednesday with the AUD/USD remaining steady at 0.7669. Iran and Saudi Arabia’s differences over a production freeze remain causing little to no chance of an oil production freeze in the coming week.

The Aussie is a commodity currency.

The New Zealand Kiwi lost ground with the NZD/USD slipping 0.62%, down to 0.7258. The greenback gained support following the first US presidential debate on Monday where Hillary Clinton was seen as the winner of the debate over Republican Donald Trump.

Currency fluctuations under a Trump presidency are feared due to the uncertainty of the United States’ trade deals that Trump has strongly criticized during his campaign.

In Asia, the yen eased after an earlier rally on the day. Investors mulled over comments from Stanley Fischer, Federal Reserve Vice Chair who stated that positive wage data has occurred in the past few months. Fischer stated that he would like to see wages continue to rise.

He talked at Howard University and stated “finally, incomes of working people began to rise faster than incomes of people higher up.”

The USD/JPY gained 0.15% to trade at 100.57 following Fischer’s comments.

OPEC is slated to meet to discuss a potential oil production freeze on Wednesday in Algeria. A production freeze would help stabilize the commodity’s prices and increase sentiment for commodity-based currencies.

The US dollar index rose 0.06% in early trade. The index measures the strength of the greenback against a basket of other currencies.

US consumer confidence increased in the month of September which strengthened the greenback on Tuesday night. The unexpected increase is based on the economy strengthening. Confidence has reached a nine-year high.

USD/CAD is up slightly trading at 1.3205, up 0.05% on the day. The USD lost some ground against the CHF with the USD/CHF trading at 0.9705, down 0.03%.