News
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Russia's Putin says cooling of economy in 2025 is a 'conscious' decision
MOSCOW, Dec 19 (Reuters) - An economic slowdown in Russia this year to 1% growth from 4.3% in 2024 was the result of conscious actions by the central bank to bring down the inflation rate, President Vladimir Putin said on Friday. Putin told his annual press conference that, as a result of these acti...Reuters
Fri, Dec 19
JPY: BoJ hikes, Yen shrugs – Commerzbank
The Bank of Japan (BoJ) raised rates to a 30-year high and signaled further hikes, but the yen weakened as markets judged the tightening path too slow to drive a near-term Japanese Yen (JPY) rebound, Commerzbank's FX analyst Volkmar Baur notes.
Fxstreet
Fri, Dec 19
Bank of Japan raises rates to 30-year high, signals more hikes
BOJ raises policy rate to 0.75% from 0.5% as widely expectedBOJ says it will keep raising rates if forecasts materialiseHawkish board members dissent from BOJ's view on price outlookUeda offers few hints on pace, extent of further rate hikesBy Leika Kihara and Makiko Yamazaki TOKYO, Dec 19 (R...Reuters
Fri, Dec 19
USD/JPY pulls back after 157.90 rejection – Société Générale
USD/JPY has retreated from strong resistance near 157.90 but remains supported above the 50-day moving average, with near-term price action likely to stay rangebound unless a clear break above 156.95 triggers renewed upside momentum, Société Générale's FX analysts note.Fxstreet
Fri, Dec 19
Sterling hits 17-year high against yen as traders overlook rate divergence
Sterling steady against euro, dollar after BoE rate cutBoJ rate hike prompts yen sell-off, boosting poundBoE's cautious stance on further rate cuts amid high inflationBy Amanda Cooper LONDON, Dec 19 (Reuters) - The pound held steady against the euro and the dollar on Friday, after the Bank of...Reuters
Fri, Dec 19
EXPLAINER-Venezuela's billions in distressed debt: who is in line to collect
Investors speculate on recovery values amid political and economic instabilityU.S. sanctions, lack of IMF involvement, among restructuring obstaclesVenezuela's economy faces shrinking oil revenues and rising inflationPolitical change could unlock debt restructuring talks, investors betBy Rodrigo...Reuters
Fri, Dec 19
USD/JPY rallies to near 157.00 as Yen plunges after BoJ’s policy outcome
The USD/JPY is up 0.85% to near 156.90 during the European trading session on Friday. The pair surges as the Japanese Yen (JPY) underperforms across the board, following the Bank of Japan (BoJ) monetary policy announcement.Fxstreet
Fri, Dec 19
Pound Sterling faces selling pressure as UK Retail Sales unexpectedly drop
The Pound Sterling (GBP) faces mild selling pressure against its major peers in Friday's early European session after data from the United Kingdom (UK) showed that Retail Sales unexpectedly declined in November.Fxstreet
Fri, Dec 19
FOREX-Yen falls after BOJ raises rates, stays vague on tightening path
BOJ raises rates as expected, Ueda's speech offers few hintsYen falls broadly, hits record low against euroEuro under pressure on lack of ECB outlookBoE cut much closer run than market expected; sterling steadyBy Tom Westbrook SINGAPORE, Dec 19 (Reuters) - The yen weakened in volatile trade o...Reuters
Fri, Dec 19
ANALYSIS-Debt boom signals yuan's arrival as a funding currency
Dim Sum bond sales hit record; overseas yuan loans soarBankers see robust demand from issuers and investorsChina seeks to build dollar alternative - strategistBy Jiaxing Li HONG KONG, Dec 19 (Reuters) - Investors are snapping up yuan credits and surging yuan lending is poised to overtake overseas...Reuters
Fri, Dec 19
QUOTES-BOJ Governor Ueda's comments at news conference
Dec 19 (Reuters) - The Bank of Japan has raised its interest rates on Friday to levels unseen in three decades and signalled readiness for further hikes, taking another landmark step in ending decades of huge monetary support and near-zero borrowing costs.In a widely expected move, the BOJ raised sh...Reuters
Fri, Dec 19
NZD/USD weakens to near 0.5750 as upbeat GDP fails to lift Kiwi
The NZD/USD pair attracts some sellers to around 0.5760 during the early European trading hours on Friday, pressured by renewed US Dollar (USD) demand. Traders will keep an eye on the University of Michigan Consumer Sentiment Index and UoM Consumer Inflation Expectations data later on Friday.
Fxstreet
Fri, Dec 19
GBP/JPY Price Analysis: Hits fresh highs above 209.00 due to persistent bullish bias
GBP/JPY reaches fresh record highs after registering little losses in the previous session, trading at 209.18 during the early European hours on Friday. A look at the daily chart shows the currency cross is moving upwards within an ascending channel pattern, indicating a persistent bullish bias.
Fxstreet
Fri, Dec 19
USD/CAD Price Forecast: Remains broadly sideways below 1.3800
The USD/CAD pair trades higher around 1.3790 in the early European trading session on Friday. The Loonie pair edges up as the US Dollar (USD) regains ground after being jolted by soft United States (US) Consumer Price Index (CPI) data for November.
Fxstreet
Fri, Dec 19
EUR/USD Price Forecast: Tests nine-day support near 1.1700
EUR/USD remains weaker for the fourth consecutive session, trading around 1.1720 during the Asian hours on Friday. On the daily chart, technical analysis indicates a prevailing bullish bias, as the pair remains within the ascending channel pattern.Fxstreet
Fri, Dec 19
