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USD/CAD holds losses near 1.3930 with US Inflation, Canada’s Jobs on tap
The US Dollar remains pinned near monthly lows at 1.3930 on Friday, on track to a 0.2% weekly decline, following another 0.9% drop in the previous week, with all eyes on Canada’s employment figures and the US Personal Consumption Expenditures (PCE) Prices Index releases, due later today.Recent US em
Fxstreet
Fri, Dec 5
Euro hedging costs collapse, supporting EUR/USD – ING
Eurozone hedging costs on U.S. assets are falling sharply, reinforcing tailwinds for EUR/USD as the Fed easing cycle approaches. Near term, the pair should stay supported around 1.1630/40 with scope to test 1.1700–1.1730, ING's FX analyst Chris Turner notes.Fxstreet
Fri, Dec 5
Bank of England and FCA announce plans to support growth of mutuals sector
LONDON, Dec 5 (Reuters) - Regulators at the Bank of England and the Financial Conduct Authority on Friday announced a package of measures aimed at supporting Britain's mutuals sector. The plans seek to speed up application processes, review credit union regulations, and make it easier for mutual...Reuters
Fri, Dec 5
EUR/USD holds gains with Eurozone GDP and US PCE inflation in focus
EUR/USD resumes gains on Friday, trading at 1.1660 at the time of writing, after bouncing from the 1.1640 area on Thursday. Downside attempts remain limited with markets bracing for a quarter-point interest rate cut by the Federal Reserve next week.Fxstreet
Fri, Dec 5
NZD/USD bounces up to fresh highs at 0.5780 amid US Dollar’s weakness
The New Zealand Dollar maintains its bullish trend against its US counterpart intact. Downside attempts have been contained above 0.5760, and the pair resumed its uptrend from mid-November lows, reaching monthly highs at 0.5780, with October 6 and 29 highs, in the 0.5800 area coming into focus.
Fxstreet
Fri, Dec 5
Dollar hovers near five-week low on Fed rate cut bets
Traders lay 86% odds on a Fed cut on December 10U.S. employment picture murky amid delayed dataYen gains amid reports BOJ likely to hike this monthBy Kevin Buckland TOKYO, Dec 5 (Reuters) - The U.S. dollar languished not far from a five-week low against its major peers on Friday as investors bracReuters
Fri, Dec 5
Japan govt spokesperson: concerned about forex market moves
TOKYO, Dec 5 (Reuters) - The Japanese government is concerned about rapid and one-sided moves on the foreign exchange market and is ready to take appropriate steps if necessary, Chief Cabinet Secretary Minoru Kihara said on Friday. "We are concerned about the one-sided and rapid moves that are b...Reuters
Fri, Dec 5
EUR/GBP trades flat above 0.8700 amid BoE rate cut speculation
The EUR/GBP cross trades on a flat note near 0.8735 during the early European session on Friday. Concerns over UK tax hikes and a dovish stance from the Bank of England (BoE) could exert downward pressure on the Pound Sterling.
Fxstreet
Fri, Dec 5
Canada Unemployment Rate expected to edge higher in November ahead of BoC rate decision
Statistics Canada will release its Labour Force Survey on Friday, and markets are bracing for a weak print. The Unemployment Rate is expected to tick higher to 7% in November, while the Employment Change is forecast to come in flat after a nice gain in October.Fxstreet
Fri, Dec 5
