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USD/CNH stays below 7.0000 – BBH
USD/CNH remains under 7.0000 as China’s December inflation data showed headline CPI rising to 0.8% y/y, the highest since February 2023, while core CPI stayed at 1.2% for a third consecutive month, and PPI printed -1.9%, indicating ongoing deflationary pressure, BBH FX analysts report.
Fxstreet
Fri, Jan 9
USD/BRL pulls back after rejection at channel resistance – Société Générale
USD/BRL has retreated after failing to sustain a break above the upper boundary of its multi-month descending channel near 5.61/5.63 and the 200-day moving average around 5.50, Société Générale's FX analysts note.Fxstreet
Fri, Jan 9
CAD: Canadian jobs data seen softening further in December – ING
December labour data are expected to show a mild contraction in Canadian employment and a rise in unemployment to 6.7%, reinforcing the view that the labour market is gradually loosening and limiting the case for near-term policy tightening by the Bank of Canada, ING's FX analyst Francesco Pesole no
Fxstreet
Fri, Jan 9
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