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USD/CAD consolidates losses near 1.4000, awaiting US reopening
The US Dollar halted its sell-off against its Canadian counterpart on Wednesday, with bears capped above the 1.4000 psychological level, following a 0.7% decline in the previous three trading days. Upside attempts, however, remain capped below 1.4020 for now.
Fxstreet
Wed, Nov 12
FOREX-Yen slips to nine-month low; dollar edges up as shutdown set to end
Yen falls to nine-month trough, prompts verbal intervention from officialsWorries about weakening US labour market resurfaceTraders eye US government reopening, still betting on Fed cut in DecemberBy Samuel Indyk and Rae Wee LONDON, Nov 12 (Reuters) - The yen dropped to a nine-month low against t...Reuters
Wed, Nov 12
USD/JPY gains as Yen softens on dovish BoJ stance, US shutdown optimism
USD/JPY trades around 154.85 on Wednesday at the time of writing, up 0.50% on the day. Comments from Japan’s Prime Minister Sanae Takaichi have reignited speculation about a looser fiscal stance and a cautious approach by the Bank of Japan (BoJ) regarding further rate hikes.
Fxstreet
Wed, Nov 12
Brazil's fiscal discipline crucial post-2026 election, warns Goldman Sachs
By Fabricio de Castro SAO PAULO, Nov 12 (Reuters) - Brazil's fiscal balance will become a top priority from 2027 regardless of the outcome of next year's presidential election, Goldman Sachs' head of Latin America macroeconomic research, Alberto Ramos, told Reuters.Even if President L...Reuters
Wed, Nov 12
New reflationist members at Japan's top economic panel push for big stimulus
Wakatabe, Nagahama appointed as private-sector members of top economic panelNew stimulus must exceed last year's in size, both sayPM Takaichi's expansionary agenda could complicate BOJ policy By Makiko Yamazaki TOKYO, Nov 12 (Reuters) - Two newly appointed members of the Japanese governme...Reuters
Wed, Nov 12
Russia to sell its first yuan-denominated domestic bonds on December 8
Ministry plans four issues worth up to $5 billion, sources sayRussian firms have built up yuan liquidity from energy sales Bonds could help Russia cover budget deficitBy Elena Fabrichnaya MOSCOW, Nov 12 (Reuters) - Russia will sell its first yuan-denominated domestic government bonds with maturit...Reuters
Wed, Nov 12
Pound dips as possible Starmer leadership plot sparks uncertainty
Pound weakens amid political uncertainty and budget concernsSterling down 0.2% against dollar, 0.1% against euro75% chance of BoE rate cut next month after labour dataBy Samuel Indyk LONDON, Nov 12 (Reuters) - The British pound fell for a second day on Wednesday after soft labour market data the ...Reuters
Wed, Nov 12
RPT-ROI-Europe needs to deliver tech promise for more years like 2025: Mike Dolan
By Mike DolanLONDON, Nov 12 (Reuters) - The global scramble to invest in artificial intelligence and advanced technology shows little sign of slowing, and while Wall Street's sky-high valuations may deter some, Europe’s tech sector is starting to offer a compelling alternative - not least becaus...Reuters
Wed, Nov 12
EMERGING MARKETS-Progress on ending US shutdown keeps momentum in EM stocks
EM stocks up 0.4%, FX flatRomania's interest rate decision later in the dayRomanian inflation inches lower in line with expectationsUS financial shield could be worth up to $20 billion, Hungary's Orban saysSouth Africa mid-year budget review around 1200 GMTBy Nikhil Sharma Nov 12 (Reuters...Reuters
Wed, Nov 12
INDIA RUPEE-Rupee edges lower as corporate dollar bids persist, Asia FX slips
By Jaspreet Kalra MUMBAI, Nov 12 (Reuters) - The Indian rupee slipped on Wednesday, weighed down by dollar demand from local companies alongside modest declines in regional peers, while expectations of central bank intervention on the path to its all-time low capped losses. The rupee INR=IN close...Reuters
Wed, Nov 12
Hopes rest on further USD weakness for the time being – Commerzbank
The Canadian Dollar (CAD) has performed poorly once again this year. Only the Japanese yen and the New Zealand Dollar (NZD) have appreciated less against the US Dollar (USD) than the CAD after a period of weakness in recent months, Commerzbank's FX analyst Michael Pfister notes.Fxstreet
Wed, Nov 12
AUD/USD: Price movements are likely part of a range-trading phase – UOB Group
The current price movements are likely part of a range-trading phase between 0.6510 and 0.6540. In the longer run, AUD is likely to edge higher within a higher range of 0.6490/0.6580, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Nov 12
