News
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Trump says support for interest rate cuts is key test for Fed chair nominee
WASHINGTON, Dec 9 (Reuters) - U.S. President Donald Trump said support for immediately cutting interest rates would be a requirement for anyone he chose to lead the Federal Reserve, according to a Politico interview published on Tuesday. Asked if it was a litmus test that the new central bank chair ...Reuters
Tue, Dec 9
JPY underperforms ahead of BOJ hike – BBH
The Japanese Yen (JPY) is lagging as markets price in a 25bps BOJ hike on December 19, with Governor Ueda signaling moderate inflation risk but persistent upward wage pressures; USD/JPY may slide toward 140 following US-Japan yield differentials, BBH FX analysts report.
Fxstreet
Tue, Dec 9
AUD: RBA holds rates at 3.60%, signals hawkish pause – BBH
The Reserve Bank of Australia (RBA) kept its cash rate steady at 3.60%, emphasizing an end to easing and hinting at the potential for a future hike, while AUD/USD rebounded toward 0.6650 with resistance near 0.6700 awaiting direction from tomorrow’s Fed decision, BBH FX analysts report.
Fxstreet
Tue, Dec 9
RPT-ROI-Will ECB's 'good place' turn into passive easing?: Mike Dolan
By Mike Dolan LONDON, Dec 9 (Reuters) - European Central Bank hawks determined to resist further interest rate cuts are starting a drumbeat for future tightening by conjuring up a new specter: passive policy easing.ECB board member and renowned hawk Isabel Schnabel spooked the bond market on Mond...Reuters
Tue, Dec 9
AUD: RBA holds cash rate at 3.6% as expected – Commerzbank
The Reserve Bank of Australia (RBA) kept its cash rate at 3.6%, with Governor Bullock ruling out near-term cuts, prompting the Australian Dollar (AUD) to recover after initial weakness and fueling market speculation of a possible rate hike by June, Commerzbank's FX analyst Volkmar Baur notes.Fxstreet
Tue, Dec 9
FOREX-Dollar steady as Fed decision nears; Aussie climbs after RBA stance
Investor confidence brittle after earthquake strikes JapanU.S. Treasury bonds stabilise after three-day selloffYen firmer after 5-year JGB auction attracts bidsBy Gregor Stuart Hunter and Lucy Raitano SINGAPORE/LONDON, Dec 9 (Reuters) - The dollar held steady on Tuesday ahead of an expected rate ...Reuters
Tue, Dec 9
USD/JPY edges higher on UST yields and Japan quake – OCBC
USD/JPY drifted higher amid rising U.S. yields and earthquake news in northeast Japan, with markets pricing in a 90% chance of a BoJ 25bp hike next Friday, while near-term trends remain USD-supportive. Pair was last seen at 156.16 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.Fxstreet
Tue, Dec 9
USD: Fed terminal rate re-priced higher – ING
The comments from the ECB's Isabel Schnabel yesterday rippled through interest rate markets around the world. Traders were naturally reassessing that if the next move in ECB rates is up, why is the market pricing in a further 90bp of Fed easing?
Fxstreet
Tue, Dec 9
GBP/JPY Price Forecast: Pound rallies to long-term highs above 208.11
The Yen is suffering on Tuesday, in the aftermath of a 7.5-magnitude earthquake in Japan. JPY weakness has boosted the GBP/JPY to breach the resistance area at 207.35 and the 2024 high at 208.11 to reach its highest levels since 2008.
Fxstreet
Tue, Dec 9
AUD/USD: The 0.6685 level might me beyond reach – UOB Group
Australian Dollar (AUD) appears to have entered a consolidation phase between 0.6605 and 0.6645. 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
Tue, Dec 9
GBP/USD: Below 1.3265, GBP is set to stop advancing – UOB Group
Pound Sterling (GBP) is likely to trade in a range between 1.3290 and 1.3350. In the longer run, a break below 1.3265 would indicate that the advance in GBP from late last month has come to an end, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, Dec 9
Pound Sterling remains on tenterhooks amid increasing BoE interest rate cut bets
The Pound Sterling (GBP) trades mixed against its major peers on Tuesday, facing pressure as traders remain increasingly confident that the Bank of England (BoE) will cut interest rates by 25 basis points (bps) to 3.75% at its monetary policy meeting next week.Fxstreet
Tue, Dec 9
