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Sterling dips as investors take profit on 'Rachel rally'
By Amanda CooperLONDON, Dec 1 (Reuters) - The pound edged lower on Monday, as investors took some profits on November's modest gains ahead of a widely expected interest rate cut later this month. Sterling gained more than 1% last week, marking its largest weekly gain since early August, lifted b...Reuters
Mon, Dec 1
AUD/USD trades flat around 0.6550 ahead of US ISM Manufacturing PMI
The AUD/USD pair trades calmly near 0.6550 during the European trading session on Monday. The Aussie pair consolidates while the US Dollar (USD) refreshes the two-week low, signaling that the Australian Dollar is also underperforming its currency peers.
Fxstreet
Mon, Dec 1
EUR/JPY falls as BoJ rate hike bets strengthen Japanese Yen
EUR/JPY trades lower around 180.50 on Monday at the time of writing, down 0.35% on the day. The move reflects a clear strengthening of the Japanese Yen (JPY) following fresh comments from Bank of Japan (BoJ) Governor Kazuo Ueda, which revived expectations of an imminent policy rate hike.
Fxstreet
Mon, Dec 1
RPT-ROI-Hassett may be 'shadow Fed Chair' for five months: Mike Dolan
By Mike Dolan LONDON, Dec 1 (Reuters) - If White House adviser Kevin Hassett becomes President Donald Trump's pick to head the Federal Reserve from May, he will effectively serve as a "shadow Fed Chair" for five months – with markets hanging on his every word.Ever since Trump made cle...Reuters
Mon, Dec 1
GBP: Reeves delivers tight budget amid weak UK outlook – UOB Group
The UK’s new budget leans heavily on fiscal restraint and frozen tax thresholds, with weaker growth forecasts and a slow return to target inflation. The tightening backdrop supports expectations for a cautious BOE easing cycle starting in December, UOB Group's FX analysts Quek Lee Sue Ann notes.
Fxstreet
Mon, Dec 1
USD/CAD rejected at 1.4150 resistance – Société Générale
USD/CAD failed to clear the key 1.4150 trend-line barrier and is retreating toward the 200-DMA. A short-term bounce is possible, but a break below 1.3920/1.3880 could open the way for a broader downside move, Société Générale's FX analysts note.Fxstreet
Mon, Dec 1
FOREX-Yen rises as BOJ hints at rate hike; dollar braces for crucial December
Yen rises as investors bet on December BOJ hike25bp Fed cut this month nearly fully priced inDollar eases as traders weigh outlook for US rates, Fed leadershipBy Rae Wee and Amanda Cooper SINGAPORE/LONDON, Dec 1 (Reuters) - The yen rose on Monday, boosted by Bank of Japan Governor Kazuo Ueda,...Reuters
Mon, Dec 1
Global investment houses forecast Chinese yuan rising past key 7 mark in 2026
SHANGHAI, Nov 11 (Reuters) - Some investment houses expect the Chinese yuan to strengthen beyond the psychologically critical 7-yuan-per-dollar mark for the first time since 2023 next year, underpinned by narrowing yield differentials with the United States and prospects for easing trade tensions.Ch...Reuters
Mon, Dec 1
NZD/USD stands tall near 0.5740 highs despite a mild risk-averse mood
The New Zealand Dollar defies the risk-off market, and the downbeat Chinese Manufacturing PMI seen earlier on Monday, and maintains its bid tone intact, trading at 0.5735 at the time of writing, with the 0.5744 monthly high, at a short distance.is
Fxstreet
Mon, Dec 1
