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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
WLF to launch real-world asset products in January, co-founder says
DUBAI, Dec 3 (Reuters) - World Liberty Financial, a crypto venture backed by U.S. President Donald Trump's family, will launch its suite of real-world asset products at the beginning of the first quarter in January, co-founder Zach Witkoff announced on Wednesday during an event in Dubai.USD1, WL...
Reuters
Wed, Dec 3
Eurozone HCOB Services PMI came in at 53.6, above expectations (53.1) in November
Eurozone HCOB Services PMI came in at 53.6, above expectations (53.1) in November
EUR/USD
Fxstreet
Wed, Dec 3
Eurozone HCOB Composite PMI registered at 52.8 above expectations (52.4) in November
Eurozone HCOB Composite PMI registered at 52.8 above expectations (52.4) in November
EUR/USD
Fxstreet
Wed, Dec 3
Pound Sterling extends UK budget’s relief rally despite firm dovish BoE bets
The Pound Sterling (GBP) trades higher against its major currency peers, except antipodeans, on Wednesday.
GBP/USD
Fxstreet
Wed, Dec 3
USD/JPY pauses ahead of BoJ rate decision – OCBC
USD/JPY traded subdued at 155.70 as markets await the December BoJ rate hike, with momentum mildly bearish and RSI slipping, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD/JPY
Fxstreet
Wed, Dec 3
Germany HCOB Composite PMI came in at 52.4, above expectations (52.1) in November
Germany HCOB Composite PMI came in at 52.4, above expectations (52.1) in November
EUR/USD
Fxstreet
Wed, Dec 3
Germany HCOB Services PMI above expectations (52.7) in November: Actual (53.1)
Germany HCOB Services PMI above expectations (52.7) in November: Actual (53.1)
EUR/USD
Fxstreet
Wed, Dec 3
AUD/USD holds key support at 0.6410 – Société Générale
AUD/USD bounced off the August lows at 0.6410 and reclaimed its 200-day moving average, signaling short-term bullish potential, Société Générale's FX analysts note, Société Générale's FX analysts note.
AUD/USD
Fxstreet
Wed, Dec 3
France HCOB Services PMI above expectations (50.8) in November: Actual (51.4)
France HCOB Services PMI above expectations (50.8) in November: Actual (51.4)
EUR/USD
Fxstreet
Wed, Dec 3
France HCOB Composite PMI came in at 50.4, above expectations (49.9) in November
France HCOB Composite PMI came in at 50.4, above expectations (49.9) in November
EUR/USD
Fxstreet
Wed, Dec 3
Italy HCOB Services PMI came in at 55, above expectations (54) in November
Italy HCOB Services PMI came in at 55, above expectations (54) in November
EUR/USD
Fxstreet
Wed, Dec 3
EUR/USD firms up with Eurozone Services PMI, ECB's Lagarde in focus
EUR/USD has resumed its bullish trend on Wednesday, reaching levels right above 1.1640 at the time of writing.
EUR/USD
Fxstreet
Wed, Dec 3
AUD dips on soft GDP, quickly rebounds – OCBC
The Australian Dollar (AUD) briefly fell after a softer-than-expected GDP print, but strong private demand and resilient consumption helped the currency reverse losses.
AUD/USD
Fxstreet
Wed, Dec 3
EUR/USD gains as hedging costs drop sharply – ING
EUR/USD advanced in Asia as sharply lower USD hedging costs for eurozone investors—now down to 1.85% from 2.40%—boosted demand for the single currency alongside improved terms of trade.
EUR/USD
Fxstreet
Wed, Dec 3
GBP/JPY holds above 206.00; upside seems capped as BoJ rate hike bets underpin JPY
The GBP/JPY cross trades with a positive bias for the second straight day on Wednesday and climbs back above the 206.00 mark during the early part of the European session.
GBP/JPY
Fxstreet
Wed, Dec 3
NZD/USD holds positive ground above 0.5750 on upbeat Chinese Services PMI data
The NZD/USD pair attracts some buyers to around 0.5750 during the early European session on Wednesday. The upbeat Chinese economic data provides some support to the China-proxy Kiwi against the US Dollar (USD).
NZD/USD
Fxstreet
Wed, Dec 3
EUR/GBP posts modest losses below 0.8800 despite dovish BoE expectations
The EUR/GBP cross posts modest losses near 0.8795 during the early European trading hours on Wednesday. Nonetheless, the potential downside for the cross might be limited amid dovish expectations from the Bank of England (BoE), which might weigh on the Pound Sterling (GBP).
EUR/GBP
Fxstreet
Wed, Dec 3
FOREX-Dollar takes a breather ahead of Fed, bitcoin perks up
Aussie dips after GDP missDollar/yen steadies at 155.70 with rate hike eyedUS expected to cut rates next week SINGAPORE, Dec 3 (Reuters) - The dollar was becalmed on Wednesday, though investors looking ahead to 2026 were starting to position for U.S. rate cuts to weigh on the greenback while bitc...
Reuters
Wed, Dec 3
Forex Today: US Dollar struggles to find demand ahead of key data releases
Here is what you need to know on Wednesday, December 3:
Fxstreet
Wed, Dec 3
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