News
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Pound Sterling drops as UK PM Starmer supports lower interest rates
The Pound Sterling (GBP) trades slightly lower against its major peers on Tuesday as United Kingdom (UK) Prime Minister (PM) Keir Starmer stresses bringing inflation and interest rates down to boost business investment and economic growth.
Fxstreet
Tue, Dec 2
EUR/USD: Limited U.S. data means no fresh dollar catalysts – Commerzbank
With key U.S. data still missing and the Fed in blackout, the US Dollar (USD) lacks drivers. Eurozone inflation should pose no challenge to ECB expectations, keeping markets range-bound and tilting the US Dollar (USD) slightly lower this week, Commerzbank's FX analyst Antje Praefcke notes.
Fxstreet
Tue, Dec 2
GBP/JPY bounces up from lows, nears 206.00 as risk-aversion eases
The Pound is trading higher against the Japanese Yen on Tuesday. The pair has returned to the upper range of the 205.00s and is trading at 205.85 in the early London trading session, retracing losses from a nearly 0.7% sell-off to the 205.20 lows on Monday.
Fxstreet
Tue, Dec 2
UK fund managers plan to raise FX hedges on volatile pound, report says
48% of UK fund managers to boost FX hedging in 2026 Hedging costs up 69%; nearly 20% say costs more than doubled AI adoption rising in FX hedging, with 25% using itBy Lucy Raitano LONDON, Dec 2 (Reuters) - Almost half of UK fund managers are planning to increase their currency hedging in 2026 due...Reuters
Tue, Dec 2
NZD/USD posts modest gains above 0.5700 as Fed rate cut bets grow
The NZD/USD pair gains traction to around 0.5730 during the early European session on Tuesday. The US Dollar (USD) edges lower against the New Zealand Dollar (NZD) amid imminent bets for another rate cut by the Federal Reserve (Fed) this month.
Fxstreet
Tue, Dec 2
EUR/GBP trades flat below 0.8800, Eurozone HICP data in focus
The EUR/GBP cross holds steady near 0.8785 during the early European trading hours on Tuesday. Traders prefer to wait on the sidelines ahead of the preliminary reading of the Harmonized Index of Consumer Prices (HICP) from the Eurozone later on Tuesday.
Fxstreet
Tue, Dec 2
FOREX-Dollar stable, yen weakens as JGB auction brings relief
Investor confidence brittle after selloff on MondayISM manufacturing survey 48.2 last month vs 48.7 in OctoberGlobal bond yields rise as data show input prices rising By Gregor Stuart Hunter SINGAPORE, Dec 2 (Reuters) - The U.S. dollar held its ground on Tuesday as an auction of Japanese governme...Reuters
Tue, Dec 2
Australian dollar holds firm as yields hit 11-month high
SYDNEY, Dec 2 (Reuters) - The Australian dollar edged ahead on Tuesday as local data pointed to solid economic growth in the third quarter, while bond yields jumped to 11-month highs as a selloff in Japanese debt spooked markets globally.The fallout from Japan lifted 10-year yields ...
Reuters
Tue, Dec 2
USD/INR rises further as foreign outflow from India advances
The Indian Rupee (INR) opens on a weak note against the US Dollar (USD) on Tuesday. The USD/INR pair rises to near 90.00 as the Indian Rupee continues to underperform its peers amid strong US Dollar demand by importers and the consistent outflow of foreign funds from the Indian stock market.Fxstreet
Tue, Dec 2
EUR/JPY trades with positive bias around 180.70; eyes Eurozone HICP for fresh impetus
The EUR/JPY cross is building on the overnight modest bounce from the vicinity of the 180.00 psychological mark, or a four-day low, and gaining some positive traction during the Asian session on Tuesday.
Fxstreet
Tue, Dec 2
EUR/USD strengthens above 1.1600 ahead of Eurozone HICP data
The EUR/USD pair extends its upside to near 1.1615 during the Asian trading hours on Tuesday. The US Dollar (USD) weakens against the Euro (EUR) as weaker-than-expected US Manufacturing PMI data heaps pressure on the Federal Reserve (Fed) to cut interest rates later this month.Fxstreet
Tue, Dec 2
