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GBP/USD holds steady above mid-1.3300s as traders await key data and BoE this week
The GBP/USD pair remains on the defensive during the Asian session on Monday, though it lacks bearish conviction and holds above the 200-day Simple Moving Average (SMA) pivotal support. Spot prices currently trade around the 1.3360 region, nearly unchanged for the day.
GBP/USD
Fxstreet
Mon, Dec 15
PBOC sets USD/CNY reference rate at 7.0656 vs. 7.0638 previous
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0656 compared to Friday's fix of 7.0638.
USD/CNH
Fxstreet
Mon, Dec 15
EUR/USD trades with negative bias around 1.1730 amid recovering USD; downside seems limited
The EUR/USD pair kicks off the new week on a softer note, though it remains within striking distance of the highest level since early October, touched last Thursday. Spot prices currently trade around the 1.1730 region, down less than 0.10% for the day.
EUR/USD
Fxstreet
Mon, Dec 15
USD/JPY weakens below 156.00 amid Fed rate cut outlook, BoJ rate hike anticipation
The USD/JPY pair trades on a negative note near 155.75 during the early Asian session on Monday.
USD/JPY
Fxstreet
Mon, Dec 15
When are the China Retail Sales, Industrial Production and how could they affect AUD/USD?
The National Bureau of Statistics of China (NBS) will publish its data for November at 02.00 GMT. Retail Sales is expected to show an increase of 2.9% year-over-year (YoY) in November. Meanwhile, Industrial Production is projected to show a rise of 5.0% YoY in the same period versus 4.9% prior.
AUD/USD
Fxstreet
Mon, Dec 15
AUD/USD steadies as focus shifts to PMIs, US Nonfarm Payrolls and CPI
The Australian Dollar (AUD) holds firm against the US Dollar (USD) on Friday as traders look past this week’s Reserve Bank of Australia and Federal Reserve monetary policy announcements and reassess the near-term interest-rate outlook.
AUD/USD
Fxstreet
Fri, Dec 12
EUR/USD stable near 1.1740 with Fed officials suggesting a pause in easing
EUR/USD holds firm at around 1.1741 on Friday virtually unchanged, amid a parade of Federal Reserve officials crossing the wires, following last Wednesday's 25 basis points rate cut.
EUR/USD
Fxstreet
Fri, Dec 12
JPY softens ahead of BoJ policy decision – Scotiabank
The Japanese Yen (JPY) is slightly weaker versus the US Dollar (USD), underperforming most G10 currencies, as markets await next week’s BoJ meeting where a 25bps rate hike is widely expected.
USD/JPY
Fxstreet
Fri, Dec 12
GBP holds weekly gains despite modest pullback – Scotiabank
The Pound Sterling (GBP) trades slightly lower but retains most of its weekly gains as UK data show mixed industrial performance and a wider trade deficit.
GBP/USD
Fxstreet
Fri, Dec 12
EUR holds gains ahead of ECB meeting – Scotiabank
The Euro (EUR) trades defensively after modest weekly gains versus the US Dollar (USD), with short-term rates and ECB messaging offering fundamental support.
EUR/USD
Fxstreet
Fri, Dec 12
CAD hits strongest level since September – Scotiabank
The Canadian Dollar (CAD) is extending its steady outperformance, backed by supportive rate differentials and a weakening US Dollar (USD) trend.
USD/CAD
Fxstreet
Fri, Dec 12
GBP/JPY stays firm near multi-year highs as focus shifts to BoE and BoJ decisions
The British Pound (GBP) trades on the front foot against the Japanese Yen (JPY) on Friday, as the Yen struggles to gain traction despite growing expectations of a Bank of Japan rate hike next week.
GBP/JPY
Fxstreet
Fri, Dec 12
USD/CAD remains under pressure as markets digest BoC pause, Fed rate cut
The Canadian Dollar (CAD) remains bid against the US Dollar (USD) on Friday, even as the Greenback stages a modest rebound, while markets continue to digest this week’s monetary policy decisions from the Bank of Canada (BoC) and the Federal Reserve (Fed).
USD/CAD
Fxstreet
Fri, Dec 12
Germany Current Account n.s.a. dipped from previous €18.6B to €14.8B in October
Germany Current Account n.s.a. dipped from previous €18.6B to €14.8B in October
EUR/USD
Fxstreet
Fri, Dec 12
EUR/GBP remains stable as German inflation steadies, UK GDP weakens
EUR/GBP trades without a clear direction on Friday, hovering around 0.8760 at the time of writing, with the pair remaining stable despite contrasting macroeconomic developments between the Eurozone and the United Kingdom.
EUR/GBP
Fxstreet
Fri, Dec 12
USD/JPY consolidates ahead of BOJ meeting – OCBC
USD/JPY trades offered but lacks follow-through, as markets near full pricing of a 25bps BOJ hike on 19 December. Near-term support lies at 155.10–153.90, while any meaningful JPY recovery would require stronger guidance from the BOJ, fiscal prudence, and a softer USD.
USD/JPY
Fxstreet
Fri, Dec 12
USD/JPY bounces back to near 156.00 despite firm BoJ rate hike bets
The USD/JPY pair snaps a two-day losing streak and rebounds to near 156.00 during the European trading session on Friday.
USD/JPY
Fxstreet
Fri, Dec 12
TRY: Central Bank of Turkey delivers larger-than-expected rate reduction – ING
The Central Bank of Turkey (CBT) surprised markets with a 150bp cut to the policy rate, lowering it to 38% as headline inflation for November came in better than expected, ING's FX analyst Frantisek Taborsky notes.
USD/TRY
Fxstreet
Fri, Dec 12
Silver Price Forecasts: XAG/USD hits fresh highs $64.00 as the US Dollar languishes
Silver’s (XAG/USD) appreciates for the fourth consecutive day on Friday, consolidating above the $64.00 level at the time of writing after having posted a fresh record high, at $64.62 earlier on the day.Precious metals remain on a strong footing in a calm market session on Friday, with the US Dollar
Silver
Fxstreet
Fri, Dec 12
USD/CAD Price Forecast: Extends losing streak for fourth trading day
The USD/CAD pair extends its losing streak for the fourth trading day on Friday. The Loonie pair trades 0.1% lower to near 1.3750 during the European trading hours.
USD/CAD
Fxstreet
Fri, Dec 12
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