News
Important Only
EUR/GBP Price Forecast: Sellers dominate as momentum turns decisively bearish
EUR/GBP remains under pressure on Friday as the Euro (EUR) continues to soften against a broadly supported British Pound (GBP). Sterling has held firm since the UK Autumn Budget, even as markets maintain strong expectations for a Bank of England (BoE) interest rate cut at the December 18 meeting.
Fxstreet
Fri, Dec 5
Argentina unveils tender for local US dollar bond as Milei seeks market return
Dec 5 (Reuters) - Argentina announced on Friday the tender for a four-year dollar bond governed by local law as President Javier Milei's administration continues to test the waters for an eventual return to international capital markets.The tender for the so-called Bonar, with a 6.50% coupon, wi...Reuters
Fri, Dec 5
Post-budget rally keeps sterling hovering around five-week high
By Joice Alves LONDON, Dec 5 (Reuters) - Sterling edged up against the dollar and was set for its second consecutive week on the rise as budget worries receded and a revision of UK business activity this week offered some support. The pound has jumped in the last week after British finance minist...Reuters
Fri, Dec 5
USD/INR nears record high as RBI cuts rates – BBH
The Reserve Bank of India (RBI) cut its policy rate by 25bps to 5.25%, supporting economic growth amid a benign inflation outlook. USD/INR hovers just below record highs as markets price in a floor for rates, with potential future hikes over the next two years, BBH FX analysts report.Fxstreet
Fri, Dec 5
USD/CAD trades heavy ahead of Canada’s labor data – BBH
USD/CAD is under pressure near 1.3940 as markets await Canada’s November labor force survey, with modest job losses expected. The Bank of Canada (BOC) is likely done cutting rates, while upcoming USMCA talks remain a potential downside risk for the Canadian economy, BBH FX analysts report.Fxstreet
Fri, Dec 5
JPY gains as BoJ hikes support currency – ING
The Japanese Yen (JPY) is finding support from expected BoJ rate hikes, with markets pricing a 25bp move for December 19. USD/JPY is projected to reach 152 by year-end, with a modest 148 forecast for 2026 as Japan balances reflation and currency strength, ING's FX analyst Chris Turner notes.Fxstreet
Fri, Dec 5
USD/CAD holds losses near 1.3930 with US Inflation, Canada’s Jobs on tap
The US Dollar remains pinned near monthly lows at 1.3930 on Friday, on track to a 0.2% weekly decline, following another 0.9% drop in the previous week, with all eyes on Canada’s employment figures and the US Personal Consumption Expenditures (PCE) Prices Index releases, due later today.Recent US emFxstreet
Fri, Dec 5
Euro hedging costs collapse, supporting EUR/USD – ING
Eurozone hedging costs on U.S. assets are falling sharply, reinforcing tailwinds for EUR/USD as the Fed easing cycle approaches. Near term, the pair should stay supported around 1.1630/40 with scope to test 1.1700–1.1730, ING's FX analyst Chris Turner notes.Fxstreet
Fri, Dec 5
Bank of England and FCA announce plans to support growth of mutuals sector
LONDON, Dec 5 (Reuters) - Regulators at the Bank of England and the Financial Conduct Authority on Friday announced a package of measures aimed at supporting Britain's mutuals sector. The plans seek to speed up application processes, review credit union regulations, and make it easier for mutual...Reuters
Fri, Dec 5
