News
Important Only
FOREX-Yen edges up after three-day losing streak, Fed meeting in focus
Markets brace for a hawkish Fed rate cutBOJ is expected to hike in December, but future moves uncertainEuro supported by a more hawkish rate outlookBy Rae Wee and Stefano Rebaudo Dec 10 (Reuters) - The yen was set to snap a three-day losing streak on Wednesday after being pressured by wide intere...Reuters
Wed, Dec 10
Weaker yuan against euro boosts Chinese export competitiveness, EU chamber says
Dec 10 (Reuters) - The yuan's decline against the euro this year has helped boost the competitiveness of Chinese exports in the European market, a lobbying group said on Wednesday.The European Union Chamber of Commerce in China said Beijing has been seeking to offset its supply-and-demand imbala...Reuters
Wed, Dec 10
Pound Sterling gains ahead of BoE Bailey’s speech, Fed decision
The Pound Sterling (GBP) trades higher against its major currency peers on Wednesday as Bank of England (BoE) rate-setting members have favoured the gradual removal of monetary policy restrictiveness over aggressive easing.
Fxstreet
Wed, Dec 10
USD/CAD rejection at 1.4150 sparks sharp technical pullback – Société Générale
USD/CAD’s rejection from the multi-month trendline near 1.4150 has triggered a decisive reversal, with the pair slipping below its ascending channel and the 200-DMA to hint at further downside momentum, Société Générale's FX analysts note.
Fxstreet
Wed, Dec 10
NZD/USD: Likely to consolidate between 0.5760 and 0.5790 – UOB Group
New Zealand Dollar (NZD) is likely to consolidate between 0.5760 and 0.5790. In the longer run, the probability of further NZD gains above 0.5800 is diminishing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Dec 10
AUD/USD: Likely to test 0.6660 before a pullback is likely – UOB Group
Australian Dollar (AUD) could test 0.6660 before a pullback is likely; the major resistance at 0.6685 is likely out of reach. In the longer run, further AUD strength is not ruled out; it remains to be seen if 0.6685 is within reach, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Dec 10
NZD/USD holds above 0.5760 as the US Dollar eases ahead of the Fed
The New Zealand Dollar continues to hover below the 0.5800 resistance area on Wednesday, with bears contained above the 0.5750-0.5760 area for now. A somewhat softer US Dollar ahead of the Federal Reserve (Fed) supports the Kiwi’s consolidation near six-week highs.Fxstreet
Wed, Dec 10
EUR/GBP posts modest losses below 0.8750 despite ECB's cautious outlook
The EUR/GBP cross posts modest losses near 0.8740 during the early European session on Wednesday. Hawkish remarks from the Bank of England (BoE) policymakers provide some support to the Pound Sterling (GBP) against the Euro (EUR).
Fxstreet
Wed, Dec 10
USD/CHF flattens around 0.8050 as investors await Fed’s policy outcome
The USD/CHF pair trades flat around 0.8060 during the late Asian trading session on Wednesday. The Swiss Franc pair consolidates as investors await the monetary policy announcement by the Federal Reserve (Fed), which is scheduled at 19:00 GMT.
Fxstreet
Wed, Dec 10
GBP/USD holds positive ground above 1.3300, eyes on Fed rate decision
The GBP/USD pair trades on a firmer note around 1.3305 during the early European session on Wednesday. The Greenback edges lower against the Pound Sterling (GBP) as the US Federal Reserve (Fed) is widely expected to announce another interest rate cut on Wednesday.Fxstreet
Wed, Dec 10
FOREX-Yen fragile, dollar firm in countdown to Fed
Yen nurses losses after broad fall overnightBOJ expected to hike in December, but future moves uncertainDollar, other currencies rangebound ahead of Fed outcomeBy Rae Wee SINGAPORE, Dec 10 (Reuters) - The yen looked punch-drunk on Wednesday after a sudden spill overnight, pressured by wide intere...Reuters
Wed, Dec 10
INDIA RUPEE-Rupee tiptoes higher, near-tenor volatility touches six-month peak
By Jaspreet Kalra MUMBAI, Dec 10 (Reuters) - The Indian rupee firmed slightly on Wednesday as buoyant demand to buy dollars at the daily reference rate was blunted by inflows likely linked to equity fund raises with traders also flagging a dip in trading volumes near the end of the year. The rupe...Reuters
Wed, Dec 10
AUD/USD consolidates below mid-0.6600s; bulls await Fed decision amid RBA's hawkish tilt
The AUD/USD pair is seen consolidating its recent strong gains to the highest level since September 18, touched the previous day, and seesaws between tepid gains/minor losses through the Asian session on Wednesday.Fxstreet
Wed, Dec 10
EUR/USD holds steady below 1.1650, all eyes on Fed rate decision
The EUR/USD pair trades flat around 1.1625 during the early European session on Wednesday. Markets turn cautious ahead of the US Federal Reserve (Fed) interest rate decision later on Wednesday, in which a 25 basis points (bps) rate cut is almost fully priced in.Fxstreet
Wed, Dec 10
Japanese Yen recovers from two-week low vs USD amid divergent BoJ-Fed expectations
The Japanese Yen (JPY) edges higher during the Asian session on Wednesday following the release of Japan’s Corporate Goods Price Index, which exceeded market expectations and reaffirmed bets for an imminent rate hike by the Bank of Japan (BoJ).
Fxstreet
Wed, Dec 10
Japan will take appropriate action against disorderly FX moves, PM says
TOKYO, Dec 10 (Reuters) - Japanese Prime Minister Sanae Takaichi said on Wednesday that it was important for currencies to reflect fundamentals and that the government remained prepared to take appropriate action against "excessive and disorderly moves" if necessary.She was speaking in parli...Reuters
Wed, Dec 10
INDIA RUPEE-Rupee may hover near 90, track subdued Asian FX as Fed decision looms
By Jaspreet KalraMUMBAI, Dec 10 (Reuters) - The Indian rupee may open slightly weaker on Wednesday, tracking subdued regional peers as investors await the U.S. Federal Reserve's policy decision and equity outflows temper recovery hopes for the unit. The 1-month non-deliverable forward indicated ...Reuters
Wed, Dec 10
