News
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Bank of Canada to keep rates steady at 2.25% after robust economic data bolsters bets for a long hold
Economists expect BoC to hold rates steady until 2027Money market bets inclined towards rate hike in Q4Canada's economy shows resilience despite US tariffsUnemployment rate falls to 16-month low of 6.5%By Promit Mukherjee OTTAWA, Dec 10 (Reuters) - The Bank of Canada is almost certain to hold...Reuters
Wed, Dec 10
USD: China November CPI matches expectations at 0.7% – BBH
China’s November CPI rose to 0.7% y/y, matching consensus, while core inflation held at 1.2% and PPI stayed in deflationary territory, keeping domestic demand weak and supporting the ongoing USD/CNH downtrend, BBH FX analysts report.
Fxstreet
Wed, Dec 10
USD/CNH: Likely to trade with a downward bias – UOB Group
US Dollar (USD) is likely to trade with a downward bias, but is unlikely to break below 7.0540. In the longer run, outlook for USD remains negative; the next level to watch is 7.0400, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Dec 10
Greek industrial output rises 6.4% y/y in October
Dec 10 (Reuters) - Greek industrial output rose by 6.4% year-on-year in October, after an upwardly revised 7.3% increase in September, data from statistics service ELSTAT showed on Wednesday.A breakdown of index components showed manufacturing production rose 4.2% from the same month in 2024. Electr...Reuters
Wed, Dec 10
Another Chinese rare earth producer gets streamlined licence for magnet exports
BEIJING, Dec 10 (Reuters) - Chinese rare earth producer Ningbo Jintian Copper 601609.SS said on Wednesday it had secured streamlined licences for magnet product exports.The new "general licences" are designed to allow more exports under year-long permits for individual customers following an...Reuters
Wed, Dec 10
EUR/USD pressured by rising US rates, eyes 1.1585/90 support – ING
EUR/USD edged lower this week amid rising US rates and FOMC risk, with near-term support at 1.1585/90, while eurozone fiscal and geopolitical developments—including French budget hurdles and potential use of frozen Russian assets for Ukraine—remain in focus but are unlikely to undermine the euro’s s
Fxstreet
Wed, Dec 10
Germany's VCI forecasts a 'difficult path', chemical industry stagnating in 2026
By Ozan Ergenay and Anastasiia KozlovaDec 10 (Reuters) - German chemicals lobby VCI expects the industry's orders and sales to stagnate in 2026, due to uncompetitive production costs, high regulatory uncertainty and slow approval process. The association, which represents around 1,900 compan...Reuters
Wed, Dec 10
CAD: BoC expected to hold rates at 2.25% amid global hawkish shift – ING
The Bank of Canada (BoC) is widely expected to keep its policy rate steady at 2.25% today, as cautious policymakers weigh global uncertainties, USMCA renegotiation in 2026, and part-time driven job gains, leaving the CAD vulnerable to near-term weakness, ING's FX analyst Chris Turner notes.
Fxstreet
Wed, Dec 10
China's Hello Group Q3 revenue dips
OverviewSocial networking firm Hello's Q3 revenue declined 0.9% yr/yr to RMB 2,650.1 mln (US$372.3 million)Net income attributable to Hello Group fell to RMB 348.9 mln from RMB 449.4 mlnCompany repurchased 54.7 mln ADSs for US$341.6 mln under share repurchase programOutlookHello Group expects Q4...Reuters
Wed, Dec 10
Silver breaks above $60, surging to a fresh record high – ING
Silver soared past $60 per ounce as traders priced in imminent Fed rate cuts and tightening supply conditions, reinforcing the metal’s historic tendency to outperform Gold during easing cycles, ING's commodity experts Ewa Manthey and Warren Patterson note.
CNY: China’s CPI ticks higher, but deflation pressures linger beneath the surface – Commerzbank
At first glance, the inflation data from China published this morning suggests that deflationary pressure appears to be easing. At least consumer prices rose at an annual rate of 0.7%, which is significantly faster than recently (0.2% in October).Fxstreet
Wed, Dec 10
GBP/USD: Likely to test 1.3265 before a recovery can be expected – UOB Group
There is scope for Pound Sterling (GBP) to test 1.3265 before a recovery can be expected. In the longer run, a break below 1.3265 would indicate that the advance in GBP from late last month has come to an end, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Dec 10
ECB’s Villeroy: Wise thing is to maintain interest rates at current level
European Central Bank (ECB) policymaker and French central bank governor, Francois Villeroy, said during European trading hours on Wednesday that the wise thing is to hold interest rates steady at their current level.Fxstreet
Wed, Dec 10
