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EUR/GBP Price Forecast: Euro bounces from 0.8737 lows with bears still in control
The Euro is picking up from five-week lows near 0.8735 on Thursday, as the Pound loses steam, following Wednesday’s rally. The pair, however, maintains its bearish trend intact, with technical indicators pointing lower and investors upbeat about the details of the UK budget.
Fxstreet
Thu, Dec 4
GBP resilient amid budget scrutiny – DBS
The Pound Sterling (GBP) shrugged off Autumn Budget worries, supported by orderly gilt markets and cautious OBR growth forecasts. Softening US Dollar (USD) and Fed-cut expectations continue to drive GBP gains, DBS' Senior FX Strategist Philip Wee notes.
Fxstreet
Thu, Dec 4
ECB’s Cipollone: There are still many risks in the pipeline
European Central Bank (ECB) executive board member Piero Cipollone said in an interview with Nikkei during the European trading session on Thursday that monetary policy adjustments would be required if economic conditions don’t act in line with expectations.Fxstreet
Thu, Dec 4
FOREX-Dollar steady near five-week low, euro at seven-week high
Weak US data bolsters rate cut expectations Euro the major winner amid dollar decline in 2025Yen intervention worries ease but BOJ rate path remains uncertainBy Ankur Banerjee and Samuel Indyk LONDON, Dec 4 (Reuters) - The U.S. dollar was steady near a five-week low after lacklustre U.S. data see...Reuters
Thu, Dec 4
JPY: Markets eye BoJ rate path beyond December hike – OCBC
USD/JPY remained largely unchanged as markets await further guidance from the BoJ, with a December hike already largely priced in. Pair was last seen at 155.06 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.Fxstreet
Thu, Dec 4
AUD extends its rally – OCBC
The Australian Dollar (AUD) continued climbing against the US Dollar (USD), supported by firm technicals and favourable external drivers as the currency approaches key resistance levels. AUD/USD was last at 0.6615 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Fxstreet
Thu, Dec 4
Putin says Europeans should get involved in Ukraine settlement rather than hinder it, TASS says
MOSCOW, Dec 4 (Reuters) - Russian President Vladimir Putin said on Thursday that European countries should get involved in a Ukrainian peace settlement, rather than hindering it, TASS reported.Reuters
Thu, Dec 4
ROI-Weak Japanese yen is ticking time bomb: Stephen Jen
By Stephen Jen LONDON, Dec 4 (Reuters) - The Japanese yen JPY= is too weak, meaning the gap between the currency’s spot rate and what is consistent with Japan’s economic fundamentals will likely narrow in the coming years. That amplifies risks of a sudden unwind of the yen carry trade.The USDJPY ...Reuters
Thu, Dec 4
Russia's Medvedev says EU seizure of frozen assets could be tantamount to justification for war
MOSCOW, Dec 4 (Reuters) - Dmitry Medvedev, the deputy chairman of Russia's Security Council, said on Thursday that if the European Union takes frozen Russian assets, then it may be considered by Moscow as tantamount to an act justifying war."If the crazy European Union does, after all, try t...Reuters
Thu, Dec 4
USD/CHF edges higher above 0.8000 on softer Swiss annual inflation data
The USD/CHF pair trades in positive territory around 0.8010 during the early European trading hours on Thursday. The Swiss Franc (CHF) weakens against the US Dollar (USD) on softer Swiss inflation data. Traders brace for the US weekly Initial Jobless Claims report, which is due later on Thursday.Fxstreet
Thu, Dec 4
Turkey extended Russia gas contracts by a year, eying U.S. gas investment
By Can Sezer ISTANBUL, Dec 4 (Reuters) - Turkey finalised a one-year extension of its expiring gas import contracts with Russia that total 22 bcm, and is considering investing in U.S. gas production, Turkey's energy minister said.The two import contracts with Gazprom GAZP.MM are due to expire...Reuters
Thu, Dec 4
