News
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Kenya expects more IMF programme talks during January staff visit
NAIROBI, Dec 10 (Reuters) - Kenya's central bank governor said on Wednesday that International Monetary Fund staff were expected visit the country in January to continue discussions with Kenyan authorities over a new support programme."We continue to have discussions with the IMF on getting ...Reuters
Wed, Dec 10
INDIA RUPEE-Indian rupee dips after choppy trading, Fed's rate decision in focus
By Jaspreet KalraMUMBAI, Dec 10 (Reuters) - The Indian rupee slipped on Wednesday, ending a session of back-and-forth price action shaped by portfolio flows, likely maturity of positions in the non-deliverable forwards market and caution ahead of the Federal Reserve's policy decision.The rupee ...Reuters
Wed, Dec 10
USD/JPY: Any advance may not reach 157.20 – UOB Group
Further US Dollar (USD) strength is not ruled out; any advance may not reach 157.20. In the longer run, USD must close above 157.20 before a move to 157.90 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Dec 10
USD/CAD Price Forecast: Wobbles around 1.3850 ahead of BoC-Fed policy outcome
The USD/CAD pair trades marginally higher around 1.3850 during the European trading session on Wednesday. The Loonie pair consolidates as investors await the monetary policy by the Bank of Canada (BoC) and the Federal Reserve (Fed), which will be announced later in the day.Fxstreet
Wed, Dec 10
EUR/JPY tests long-term highs at 182.60 amid generalised Yen weakness
The Yen remains the worst-performing currency of the G8 majors this week. EUR/JPY downside attempts have been contained above a previous high, at the 182.00 area earlier on Wednesday, and the pair reversed previous losses to retest its highest levels in more than 30 years at 182.60.
Fxstreet
Wed, Dec 10
FOREX-Yen edges up after three-day losing streak, Fed meeting in focus
Markets brace for a hawkish Fed rate cutBOJ is expected to hike in December, but future moves uncertainEuro supported by a more hawkish rate outlookBy Rae Wee and Stefano Rebaudo Dec 10 (Reuters) - The yen was set to snap a three-day losing streak on Wednesday after being pressured by wide intere...Reuters
Wed, Dec 10
Weaker yuan against euro boosts Chinese export competitiveness, EU chamber says
Dec 10 (Reuters) - The yuan's decline against the euro this year has helped boost the competitiveness of Chinese exports in the European market, a lobbying group said on Wednesday.The European Union Chamber of Commerce in China said Beijing has been seeking to offset its supply-and-demand imbala...Reuters
Wed, Dec 10
Pound Sterling gains ahead of BoE Bailey’s speech, Fed decision
The Pound Sterling (GBP) trades higher against its major currency peers on Wednesday as Bank of England (BoE) rate-setting members have favoured the gradual removal of monetary policy restrictiveness over aggressive easing.
Fxstreet
Wed, Dec 10
USD/CAD rejection at 1.4150 sparks sharp technical pullback – Société Générale
USD/CAD’s rejection from the multi-month trendline near 1.4150 has triggered a decisive reversal, with the pair slipping below its ascending channel and the 200-DMA to hint at further downside momentum, Société Générale's FX analysts note.Fxstreet
Wed, Dec 10
NZD/USD: Likely to consolidate between 0.5760 and 0.5790 – UOB Group
New Zealand Dollar (NZD) is likely to consolidate between 0.5760 and 0.5790. In the longer run, the probability of further NZD gains above 0.5800 is diminishing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Dec 10
AUD/USD: Likely to test 0.6660 before a pullback is likely – UOB Group
Australian Dollar (AUD) could test 0.6660 before a pullback is likely; the major resistance at 0.6685 is likely out of reach. In the longer run, further AUD strength is not ruled out; it remains to be seen if 0.6685 is within reach, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Dec 10
NZD/USD holds above 0.5760 as the US Dollar eases ahead of the Fed
The New Zealand Dollar continues to hover below the 0.5800 resistance area on Wednesday, with bears contained above the 0.5750-0.5760 area for now. A somewhat softer US Dollar ahead of the Federal Reserve (Fed) supports the Kiwi’s consolidation near six-week highs.Fxstreet
Wed, Dec 10
EUR/GBP posts modest losses below 0.8750 despite ECB's cautious outlook
The EUR/GBP cross posts modest losses near 0.8740 during the early European session on Wednesday. Hawkish remarks from the Bank of England (BoE) policymakers provide some support to the Pound Sterling (GBP) against the Euro (EUR).
Fxstreet
Wed, Dec 10
USD/CHF flattens around 0.8050 as investors await Fed’s policy outcome
The USD/CHF pair trades flat around 0.8060 during the late Asian trading session on Wednesday. The Swiss Franc pair consolidates as investors await the monetary policy announcement by the Federal Reserve (Fed), which is scheduled at 19:00 GMT.
Fxstreet
Wed, Dec 10
GBP/USD holds positive ground above 1.3300, eyes on Fed rate decision
The GBP/USD pair trades on a firmer note around 1.3305 during the early European session on Wednesday. The Greenback edges lower against the Pound Sterling (GBP) as the US Federal Reserve (Fed) is widely expected to announce another interest rate cut on Wednesday.Fxstreet
Wed, Dec 10
FOREX-Yen fragile, dollar firm in countdown to Fed
Yen nurses losses after broad fall overnightBOJ expected to hike in December, but future moves uncertainDollar, other currencies rangebound ahead of Fed outcomeBy Rae Wee SINGAPORE, Dec 10 (Reuters) - The yen looked punch-drunk on Wednesday after a sudden spill overnight, pressured by wide intere...Reuters
Wed, Dec 10
INDIA RUPEE-Rupee tiptoes higher, near-tenor volatility touches six-month peak
By Jaspreet Kalra MUMBAI, Dec 10 (Reuters) - The Indian rupee firmed slightly on Wednesday as buoyant demand to buy dollars at the daily reference rate was blunted by inflows likely linked to equity fund raises with traders also flagging a dip in trading volumes near the end of the year. The rupe...Reuters
Wed, Dec 10
