News
Important Only
USD/JPY declines below 155.50 on weaker US jobs data, rising BoJ rate hike expectations
The USD/JPY pair attracts some sellers to around 155.25 during the early Asian session on Thursday. The US Dollar (USD) softens against the Japanese Yen (JPY) on weaker-than-expected US jobs data and expectations of further US rate cuts.
Fxstreet
Wed, Dec 3
CORRECTED-Methode Electronics Q2 sales fall, hurt by lower volumes
OverviewMethode fiscal Q2 net sales down 15.6% yr/yr Company reaffirms fiscal 2026 guidance despite $100 mln decline in annual salesOutlookMethode Electronics reaffirms fiscal 2026 net sales guidance of $900 mln to $1 blnCompany expects fiscal 2026 adjusted EBITDA of $70 mln to $80 mlnMethode Electr...Reuters
Wed, Dec 3
FOREX-Euro hits almost seven-week high, dollar broadly lower
Euro zone business activity expands at fastest pace in 2.5 yearsOptimism over potential end to Russia/Ukraine war boosts European currenciesUS private payrolls unexpectedly decline, dollar weakens on Fed Chair speculationBy Karen Brettell NEW YORK, Dec 3 (Reuters) - The euro hit an almost seven-w...Reuters
Wed, Dec 3
US retreat from its allies could hurt dollar's status, BoE's Mann says
By David MillikenLONDON, Dec 3 (Reuters) - The U.S. dollar's status as a global reserve currency could be undermined by the country's reduced support for its friends and military allies, Bank of England policymaker Catherine Mann said on Wednesday."If you can't depend on a certain co...Reuters
Wed, Dec 3
CANADA FX DEBT-Canadian dollar gains as oil prices rise, productivity growth improves
Canadian dollar gains 0.2% against the greenbackTrades in a range of 1.3939 to 1.3975Price of oil increases 0.9%Bond yields fall across the curveBy Fergal Smith TORONTO, Dec 3 (Reuters) - The Canadian dollar strengthened against its U.S. counterpart on Wednesday as oil prices rose and domestic da...Reuters
Wed, Dec 3
FOREX-Euro hits six-week high on economic, Ukraine optimism, dollar dips
Euro zone business activity expands at fastest pace in 2.5 yearsOptimism over potential end to Russia/Ukraine war boosts European currenciesUS private payrolls unexpectedly decline, dollar weakens on Fed Chair speculationBy Karen Brettell NEW YORK, Dec 3 (Reuters) - The euro hit a six-week high a...Reuters
Wed, Dec 3
GBP/USD soars as speculation over Hassett fuels Fed-pivot bets
GBP/USD rallies on Wednesday during the North American session, surpasses the 1.3300 figure as market participants priced in a more dovish Federal Reserve as rumors grow that the White House economic adviser Kevin Hasset could become the next Chair taking Powell’s rein.
Fxstreet
Wed, Dec 3
EUR/USD climbs toward six-week highs as weak US data pressures the Dollar
The Euro (EUR) trades on the front foot against the US Dollar (USD) on Wednesday as the Greenback remains under sustained selling pressure amid dovish Federal Reserve expectations, while traders digest the latest US services-sector data.
Fxstreet
Wed, Dec 3
JPY advances on narrowing yield spreads to 2022 Lows – Scotiabank
The Japanese Yen (JPY) is strengthening again, up 0.3% against the US Dollar (USD) as USD/JPY moves back toward Monday’s lows and threatens a broader retracement of its mid-November weakness, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Wed, Dec 3
Bessent plans to press for Fed bank president district residency requirement
Dec 3 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday said he plans to advocate for a requirement that the 12 regional Federal Reserve Bank presidents should reside in their districts for at least three years before being appointed to lead their banks.Bessent, speaking at the New York...Reuters
Wed, Dec 3
USD/CAD declines as soft ADP report reinforces dovish Fed outlook
The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Wednesday as the Greenback remains under broad pressure amid a firmly dovish Federal Reserve (Fed) outlook. At the time of writing, USD/CAD is trading around 1.3950, edging close to one-month lows as bearish momentum builds.Fxstreet
Wed, Dec 3
EUR/CHF steady as Swiss inflation slides to 0.0% ahead of SNB meeting
The Euro (EUR) trades flat against the Swiss Franc (CHF) on Wednesday as traders digest a fresh batch of Swiss inflation figures alongside Eurozone Purchasing Managers Index (PMI) surveys and Producer Price Index (PPI) data.
Fxstreet
Wed, Dec 3
