News
Important Only
Bessent plans to press for Fed bank president district residency requirement
Dec 3 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday said he plans to advocate for a requirement that the 12 regional Federal Reserve Bank presidents should reside in their districts for at least three years before being appointed to lead their banks.Bessent, speaking at the New York...Reuters
Wed, Dec 3
USD/CAD declines as soft ADP report reinforces dovish Fed outlook
The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Wednesday as the Greenback remains under broad pressure amid a firmly dovish Federal Reserve (Fed) outlook. At the time of writing, USD/CAD is trading around 1.3950, edging close to one-month lows as bearish momentum builds.Fxstreet
Wed, Dec 3
EUR/CHF steady as Swiss inflation slides to 0.0% ahead of SNB meeting
The Euro (EUR) trades flat against the Swiss Franc (CHF) on Wednesday as traders digest a fresh batch of Swiss inflation figures alongside Eurozone Purchasing Managers Index (PMI) surveys and Producer Price Index (PPI) data.
Fxstreet
Wed, Dec 3
FOREX-Euro/dollar hits 5-week high, Bitcoin rebounds as Fed outlook dominates
Trump’s sway over Fed policy remains in focusEuro investors eye Ukraine peace talksAnalysts flag risk of fresh yen intervention near 160Bitcoin extends rebound into second sessionBy Stefano Rebaudo Dec 3 (Reuters) - The dollar headed for its ninth straight decline on Wednesday as traders ramped u...Reuters
Wed, Dec 3
Sterling rises against the euro, hits 5-week high vs dollar
By Stefano Rebaudo Dec 3 (Reuters) - Sterling rose against the euro after two straight declines on Wednesday as investors weighed diverging rate outlooks with the single currency bloc against expectations of a stronger UK economy.The pound also hit a 5-week high versus a weakening dollar as marke...Reuters
Wed, Dec 3
EMERGING MARKETS-EM assets steady with Russia-Ukraine updates in the spotlight
Stocks flat, FX up 0.1%Russian rouble, stocks dropUkraine's international bonds under pressurePoland's central bank widely expected to cut ratesBy Twesha Dikshit Dec 3 (Reuters) - Emerging market assets were steady on Wednesday with investors monitoring a slew of local data indicators, in...Reuters
Wed, Dec 3
POLL-Mexico's peso to trade within decade-old range in 2026
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=BRL= Poll data on Brazil realreuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=MXN= Poll data on Mexican pesoBy Gabriel Burin BUENOS AIRES, Dec 3 (Reuters) - Mexico's peso will keep trading in 2026 close to ...Reuters
Wed, Dec 3
CORRECTED-FOREX-Dollar heads for ninth straight loss as Fed outlook dominates
Trump’s sway over Fed policy remains in focusEuro investors eye Ukraine peace talksAnalysts flag risk of fresh yen intervention near 160Bitcoin extends rebound into second sessionBy Stefano Rebaudo Dec 3 (Reuters) - The dollar headed for its ninth straight decline on Wednesday as traders ramped u...Reuters
Wed, Dec 3
SHORT TAKE-China's push to boost yuan's global role quietly gaining traction, says Oxford Economics
LONDON, Dec 3 (Reuters) - The use of China's yuan in international trade continues to rise and interest in increasing its global clout has jumped sharply in the past year, but the currency's footprint beyond China remains modest, Oxford Economics said in a report on Wednesday. WHY IT’S I...Reuters
Wed, Dec 3
