News
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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).
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.
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.
Fxstreet
Fri, Dec 12
FOREX-Dollar rises as traders digest Fed meeting, sterling eases after GDP
Euro and sterling rise as dollar weakensUK GDP data in focusFed's less hawkish stance drags dollarMarkets diverge from policymakers on rate cuts for next yearBy Joice Alves LONDON, Dec 12 (Reuters) - The dollar edged higher on Friday but was still set for its third straight weekly drop, hurt ...Reuters
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.
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
Fxstreet
Fri, Dec 12
FOREX-Dollar set for weekly decline after Fed meeting, sterling steadies as economy shrank
Euro and sterling rise as dollar weakensUK GDP data in focusFed's less hawkish stance drags dollarMarkets diverge from policymakers on rate cuts for next yearBy Joice Alves LONDON, Dec 12 (Reuters) - The dollar steadied on Friday but was still set for its third straight weekly drop, hurt by t...Reuters
Fri, Dec 12
Pound Sterling drops as UK GDP unexpectedly contracts for second straight month
The Pound Sterling (GBP) faces selling pressure against its major peers on Friday following the release of the United Kingdom (UK) Gross Domestic Product (GDP) data for October. The GDP report showed that the economic growth contracted again by 0.1%, missing expectations of a 0.1% expansion.
Fxstreet
Fri, Dec 12
USD/CHF struggle near 0.7950 as traders expect more than one Fed rate cut in 2026
The USD/CHF pair remains fragile near 0.7950 during the European trading session on Friday. The Swiss Franc pair is under pressure as traders expect the Federal Reserve (Fed) to deliver at least two interest rate cuts in 2026.
Fxstreet
Fri, Dec 12
