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NZD/USD’s post-RBNZ rally finds resistance above 0.5690
The New Zealand Dollar is trading higher against its US counterpart on Wednesday, boosted by a “hawkish cut” by the Reserve Bank of New Zealand RBNZ) and heightened hopes that the US Federal Reserve will cut rates in December.
Fxstreet
Wed, Nov 26
FOREX-Yen falls despite rate hike talk; sterling steady in run up to UK budget
BOJ eyes rate hike as soon as next month - sourcesNew Zealand dollar surges on hawkish RBNZ tiltTraders anticipate December Fed cut, weigh new Fed chairSterling steadies ahead of UK budget announcementBy Ozan Ergenay and Rae Wee SINGAPORE/LONDON, Nov 26 (Reuters) - The yen softened on Wednesday ...Reuters
Wed, Nov 26
USD/GBP: UK Budget priced in, Sterling faces limited upside – Société Générale
The UK Budget is largely priced into markets, with increased fiscal spending and taxes likely to shift the fiscal/monetary mix in a sterling-negative direction, limiting any lasting gains for GBP despite potential short-term relief, Société Générale's FX analyst Kit Juckes
CEE MARKETS-Zloty and Czech crown slightly weaker, focus remains on Ukraine
WARSAW, Nov 26 (Reuters) - The Polish zloty and Czech crown were a touch weaker on Wednesday as investors awaited further news on a peace plan for Ukraine, while the Hungarian forint steadied near a 22-months high. U.S. President Donald Trump on Tuesday backed away from a Thursday deadline for Ukrai...Reuters
Wed, Nov 26
GBP/USD risk reversals point to weaker Pound – Commerzbank
GBP/USD faces heightened downside risks as market-implied volatility and risk reversals signal expectations for a weaker Pound Sterling (GBP) ahead of the UK Budget, with a credible fiscal plan from Chancellor Reeves key to restoring investor confidence, Commerzbank's FX analyst Michael Pfister noteFxstreet
Wed, Nov 26
USD/CAD Price Forecasts: Bears are testing 1.4070 support
The US Dollar is accelerating its reversal from last week’s highs above 1.4100 on Wednesday, with sellers testing support near 1.4070 as a raft of delayed US data releases keeps giving reasons for Federal Reserve doves to call for an easier monetary policy.
Fxstreet
Wed, Nov 26
Japan PM Takaichi rules out risk of British-style 'Truss' shock
Japan stands ready to take necessary action on FXTakaichi says Japan not resorting to 'reckless' spendingJapan to fund package with additional Y11 trln debt, TV Asahi saysBy Leika Kihara TOKYO, Nov 26 (Reuters) - Prime Minister Sanae Takaichi ruled out on Wednesday the possibility that Ja...Reuters
Wed, Nov 26
Euro zone banks with dollar exposure need more buffers, ECB says
FRANKFURT, Nov 26 (Reuters) - Euro zone lenders with big dollar businesses should bulk up their liquidity and capital cushions to withstand any squeeze in the U.S. currency, the European Central Bank said on Wednesday.The ECB has been telling banks to watch their dollar exposure since U.S. President...Reuters
Wed, Nov 26
AUD rises as rate-cut bets disappear – Commerzbank
Australia’s inflation surprised to the upside in October, erasing expectations of further RBA rate cuts and giving the Australian Dollar (AUD) a small lift, though persistently high price pressures may weigh on the currency in the months ahead, Commerzbank's FX analyst Tatha Ghose notes.
Fxstreet
Wed, Nov 26
EUR/USD is still undervalued despite rebound – ING
EUR/USD remains undervalued despite its recent rebound, with geopolitical developments set to drive the pair as optimism around a potential Ukraine truce supports a move toward its short-term fair value near 1.170, ING's FX analyst Francesco Pesole notes.Fxstreet
Wed, Nov 26
Pound Sterling trades higher against US Dollar ahead of UK budget announcement
The Pound Sterling trades 0.15% higher to near 1.3180 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair gains ahead of the announcement of United Kingdom (UK) Budget Report at 12:30 GMT.Fxstreet
Wed, Nov 26
RBNZ delivers hawkish cut, lifts NZD – ING
The New Zealand Dollar (NZD) strengthened after the RBNZ delivered a hawkish 25bp cut and signaled no further easing, prompting markets to price out additional rate reductions and supporting expectations of a near-term NZD/USD recovery, ING's FX analyst Francesco Pesole notes.Fxstreet
Wed, Nov 26
GBP/JPY Price Analysis: Moves above 206.00 ahead of UK Autumn Budget
GBP/JPY gains nearly 0.25% after registering modest losses in the previous session, trading around 206.00 during the early European hours on Wednesday. Traders await the United Kingdom (UK) Chancellor of the Exchequer, Rachel Reeves, to deliver the Autumn Budget later in the day.
Fxstreet
Wed, Nov 26
Pound edges up ahead of UK budget
By Amanda Cooper LONDON, Nov 26 (Reuters) - Sterling rallied for a fifth day against a flagging dollar on Wednesday, hours before the British finance minister is expected to announce billions of pounds of tax rises as she attempts to retain the confidence of bond investors and voters.Rachel Reeve...Reuters
Wed, Nov 26
AUD/JPY Price Forecast: Builds on hot Australian CPI-led gains to 101.70; eyes trading range hurdle
The AUD/JPY cross gains strong positive traction in reaction to hotter Australian consumer inflation figures, which tempers bets for further rate cuts by the Reserve Bank of Australia (RBA) and boost Aussie.
Fxstreet
Wed, Nov 26
FOREX-Yen steadies on rate hike prospect; kiwi jumps after hawkish RBNZ signal
BOJ preparing markets for possible rate hike as soon as next month - sourcesNew Zealand dollar surges on hawkish RBNZ tiltTraders anticipate December Fed cut, consider outlook for U.S. policy under new Fed chairSterling on guard ahead of UK budget announcementBy Rae Wee SINGAPORE, Nov 26 (Reuters...Reuters
Wed, Nov 26
