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DXY: FX markets quiet as USD volatility hits yearly lows – ING
US Dollar (USD) weakness is expected to continue into year-end, supported by seasonal flows and stable Treasury markets. Commodity currencies are performing well, while EUR/USD and USD/JPY target 1.18 and 152, respectively, amid subdued FX volatility, ING's FX analyst Chris Turner notes.Fxstreet
Fri, Dec 5
GBP rally seen as short squeeze, not repricing of UK risk – ING
The Pound Sterling (GBP) remains firm, though analysts view the move as a short squeeze rather than a fundamental reassessment of UK risk. While GBP/USD may rise into year-end, BoE easing should keep EUR/GBP supported around 0.88, ING's FX analyst Chris Turner notes.
Fxstreet
Fri, Dec 5
US owner of Russia's major agriculture firm says no plans to sell
MOSCOW, Dec 5 (Reuters) - U.S. company NCH Capital said on Friday that it has no plans to sell a major Russian agricultural producer AgroTerra, which was placed under temporary state management by a decree signed by President Vladimir Putin in April 2024.On December 2, Russia's second-largest ba...Reuters
Fri, Dec 5
