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Canadian Dollar soars after upbeat labor report
The Canadian Dollar (CAD) found room on the high side on Friday, climbing nearly 0.9% and locking in a second straight week of firm gains for the Loonie. The CAD has gained nearly 2.2% bottom-to-top against the US Dollar (USD) since hitting seven-month lows in early November.
Fxstreet
Fri, Dec 5
AB InBev to acquire 85% stake in beverage maker BeatBox for $490 million
Dec 5 (Reuters) - Anheuser-Busch InBev ABI.BR on Friday said it plans to acquire a majority stake in the U.S.-based ready-to-drink beverage brand BeatBox for about $490 million.The deal would give Anheuser-Busch ownership of 85% of the company, with a path to 100% after five years based on a predete...Reuters
Fri, Dec 5
AUD/USD Price Forecast: Aussie eyes YTD high after channel breakout
The Australian Dollar (AUD) extends its advance against the US Dollar (USD) on Friday, with AUD/USD climbing to its highest level since September 18 as traders are almost certain the Reserve Bank of Australia (RBA) will leave interest rates unchanged on December 9.
Fxstreet
Fri, Dec 5
Bolsonaro signals support for eldest son to run for president next year, says CNN Brasil
SAO PAULO, Dec 5 (Reuters) - Former Brazilian President Jair Bolsonaro has signaled he intends to support his eldest son, Senator Flavio Bolsonaro, as a presidential candidate in the 2026 election, broadcaster CNN Brasil reported on Friday.According to CNN Brasil, which cited unnamed sources close t...Reuters
Fri, Dec 5
Dollar eases as traders eye next week's Fed meeting
Traders price a near 90% chance on a Fed cut on December 10US consumer sentiment improves in early DecemberYen treads water amid reports BOJ likely to hike this monthBitcoin slips for second straight sessionBy Saqib Iqbal Ahmed NEW YORK, Dec 5 (Reuters) - The U.S. dollar edged lower on Friday...Reuters
Fri, Dec 5
CANADA FX DEBT-Canadian dollar rises to 10-week high as jobs data beats estimates for third month
Canadian dollar gains 0.7% against the greenbackTouches strongest since September 24 at 1.3854Economy adds 53,600 jobs in November2-year yield jumps 16.7 basis points to 2.631%By Fergal Smith TORONTO, Dec 5 (Reuters) - The Canadian dollar strengthened by the most in six months against its U.S. co...Reuters
Fri, Dec 5
EUR/GBP Price Forecast: Sellers dominate as momentum turns decisively bearish
EUR/GBP remains under pressure on Friday as the Euro (EUR) continues to soften against a broadly supported British Pound (GBP). Sterling has held firm since the UK Autumn Budget, even as markets maintain strong expectations for a Bank of England (BoE) interest rate cut at the December 18 meeting.
Fxstreet
Fri, Dec 5
Argentina unveils tender for local US dollar bond as Milei seeks market return
Dec 5 (Reuters) - Argentina announced on Friday the tender for a four-year dollar bond governed by local law as President Javier Milei's administration continues to test the waters for an eventual return to international capital markets.The tender for the so-called Bonar, with a 6.50% coupon, wi...Reuters
Fri, Dec 5
Post-budget rally keeps sterling hovering around five-week high
By Joice Alves LONDON, Dec 5 (Reuters) - Sterling edged up against the dollar and was set for its second consecutive week on the rise as budget worries receded and a revision of UK business activity this week offered some support. The pound has jumped in the last week after British finance minist...Reuters
Fri, Dec 5
USD/INR nears record high as RBI cuts rates – BBH
The Reserve Bank of India (RBI) cut its policy rate by 25bps to 5.25%, supporting economic growth amid a benign inflation outlook. USD/INR hovers just below record highs as markets price in a floor for rates, with potential future hikes over the next two years, BBH FX analysts report.Fxstreet
Fri, Dec 5
USD/CAD trades heavy ahead of Canada’s labor data – BBH
USD/CAD is under pressure near 1.3940 as markets await Canada’s November labor force survey, with modest job losses expected. The Bank of Canada (BOC) is likely done cutting rates, while upcoming USMCA talks remain a potential downside risk for the Canadian economy, BBH FX analysts report.Fxstreet
Fri, Dec 5
JPY gains as BoJ hikes support currency – ING
The Japanese Yen (JPY) is finding support from expected BoJ rate hikes, with markets pricing a 25bp move for December 19. USD/JPY is projected to reach 152 by year-end, with a modest 148 forecast for 2026 as Japan balances reflation and currency strength, ING's FX analyst Chris Turner notes.Fxstreet
Fri, Dec 5
