News
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Sterling options volatility nears 'Liberation Day' highs ahead of UK budget
LONDON, Nov 25 (Reuters) - The cost of hedging against big near-term moves in the pound against the euro shot to its highest since April on Tuesday, reflecting trader nervousness ahead of finance minister Rachel Reeves' budget in a day's time.Overnight implied options volatility, a measure o...Reuters
Tue, Nov 25
NZD/USD: Likely to consolidate within a range of 0.5595/0.5630 – UOB Group
Momentum indicators are mostly flat; New Zealand Dollar (NZD) is likely to consolidate within a range of 0.5595/0.5630. In the longer run, NZD is expected to move lower; if it breaks below 0.5565, it could decline further to 0.5540, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, Nov 25
AUD/USD: Scope for AUD to test 0.6405 – UOB Group
Further range-trading appears likely; firmer underlying tone suggests a higher range of 0.6445/0.6485. In the longer run, the price action suggests there is scope for AUD to test 0.6405, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, Nov 25
EMERGING MARKETS-EM assets edge higher with focus on US rate cut hopes, Ukraine peace deal
By Twesha Dikshit Nov 25 (Reuters) - Most emerging market equities and currencies edged higher on Tuesday, helped by expectations of a potential U.S. interest rate cut in December, while Ukraine's international bonds benefited from renewed efforts toward peace talks. The move comes at a ti...Reuters
Tue, Nov 25
NZD weakens ahead of RBNZ rate decision – BBH
New Zealand Dollar (NZD) is trading heavy ahead of the RBNZ policy rate decision. The RBNZ is expected to trim the Official Cash Rate (OCR) by 25bps to 2.25%. At its last October 8 meeting, the RBNZ slashed the OCR by 50bps to 2.50% and stressed it 'remains open to further reductions in the OCR'.Fxstreet
Tue, Nov 25
CEE MARKETS-Forint, crown hover near recent highs as markets eye talks on Ukraine war
BUDAPEST, Nov 25 (Reuters) - Central European currencies edged higher on Tuesday, with the Hungarian forint and the Czech crown trading near recent highs as markets focused on ongoing diplomatic efforts to end the war in Ukraine.U.S. and Russian officials held unannounced talks in Abu Dhabi on Tuesd...Reuters
Tue, Nov 25
EUR/GBP implied volatility hits highest since 2022 mini-budget – ING
EUR/GBP implied volatility spikes as markets adopt a cautious stance ahead of tomorrow’s UK Budget, with the pair expected to trade around 0.880 unless new developments emerge, ING's FX analyst Francesco Pesole notes.
Fxstreet
Tue, Nov 25
FOREX-Dollar stable even with US rate cuts in focus, yen vigil continues
Rate-cut wagers ramp up after dovish comments from policymakersDollar wobbles but holds ground on shifting expectations Yen locked in on intervention zone, traders keep wary eyes By Ozan Ergenay and Ankur Banerjee SINGAPORE/LONDON, Nov 25 (Reuters) - The U.S. dollar was steady on Tuesday even as...Reuters
Tue, Nov 25
USD/JPY rise slows amid growing intervention talk – OCBC
The recent rise in USD/JPY continues to slow. Japan’s growth minister Minoru Kiuchi said the government is watching currency movements, including speculative activity, with a high sense of urgency. Pair was last seen at 156.30 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.Fxstreet
Tue, Nov 25
NZD: RBNZ meeting could deliver surprise pause – Commerzbank
Wednesday morning, the Reserve Bank of New Zealand will meet for its last monetary policy meeting of the year. It will also be the last meeting chaired by acting Governor Christian Hawkesby before Anna Breman takes over as Governor next week, Commerzbank's FX analyst Volkmar Baur notes.Fxstreet
Tue, Nov 25
EUR: Euro still undervalued despite Ukraine peace talks – ING
The Euro (EUR) remains around 2% undervalued against the dollar despite Ukraine peace optimism, while weak German Ifo data and delayed fiscal stimulus weigh on sentiment, though analysts still expect EUR/USD to rebound above 1.160, ING's FX analyst Francesco Pesole notes.Fxstreet
Tue, Nov 25
EUR/JPY Price Forecast: Tests 180.50 support near nine-day EMA
EUR/JPY depreciates after registering more than 0.25% in the previous session, trading around 180.50 during the early European hours on Tuesday. The currency cross moves upwards within the ascending channel pattern, suggesting a persistent bullish bias.
Fxstreet
Tue, Nov 25
