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GBP: Reeves delivers tight budget amid weak UK outlook – UOB Group
The UK’s new budget leans heavily on fiscal restraint and frozen tax thresholds, with weaker growth forecasts and a slow return to target inflation. The tightening backdrop supports expectations for a cautious BOE easing cycle starting in December, UOB Group's FX analysts Quek Lee Sue Ann notes.
Fxstreet
Mon, Dec 1
USD/CAD rejected at 1.4150 resistance – Société Générale
USD/CAD failed to clear the key 1.4150 trend-line barrier and is retreating toward the 200-DMA. A short-term bounce is possible, but a break below 1.3920/1.3880 could open the way for a broader downside move, Société Générale's FX analysts note.Fxstreet
Mon, Dec 1
FOREX-Yen rises as BOJ hints at rate hike; dollar braces for crucial December
Yen rises as investors bet on December BOJ hike25bp Fed cut this month nearly fully priced inDollar eases as traders weigh outlook for US rates, Fed leadershipBy Rae Wee and Amanda Cooper SINGAPORE/LONDON, Dec 1 (Reuters) - The yen rose on Monday, boosted by Bank of Japan Governor Kazuo Ueda,...Reuters
Mon, Dec 1
Global investment houses forecast Chinese yuan rising past key 7 mark in 2026
SHANGHAI, Nov 11 (Reuters) - Some investment houses expect the Chinese yuan to strengthen beyond the psychologically critical 7-yuan-per-dollar mark for the first time since 2023 next year, underpinned by narrowing yield differentials with the United States and prospects for easing trade tensions.Ch...Reuters
Mon, Dec 1
NZD/USD stands tall near 0.5740 highs despite a mild risk-averse mood
The New Zealand Dollar defies the risk-off market, and the downbeat Chinese Manufacturing PMI seen earlier on Monday, and maintains its bid tone intact, trading at 0.5735 at the time of writing, with the 0.5744 monthly high, at a short distance.is
Fxstreet
Mon, Dec 1
BOJ to consider rate hike in December, governor says; yen, yields rise
BOJ to weigh 'pros and cons' of rate hike in December, Ueda saysRate hike is easing of accelerator, not applying brakes -UedaYen, bond yields rise as markets raise bets of December hikeBOJ to offer more clarity on distance from neutral rate after hike to 0.75% -UedaBy Leika Kihara NAGOYA,...Reuters
Mon, Dec 1
AUD/USD loses momentum below 0.6550 on disappointing Chinese PMI
The AUD/USD pair loses ground to around 0.6540, snapping the six-day winning streak during the early European session on Monday. The Australian Dollar (AUD) retreats from two-week highs against the Greenback following the weaker-than-expected Chinese economic data.
Fxstreet
Mon, Dec 1
South Korea market watchdog wary of FX risks for retail investors
SEOUL, Dec 1 (Reuters) - The chief of South Korea's financial market watchdog said on Monday authorities would review protection measures for retail investors regarding foreign exchange risks amid persistent weakness in the won currency. "From the perspective of consumer protection, we will ...Reuters
Mon, Dec 1
Yen rises on BOJ rate hike prospect; dollar braces for crucial December
SINGAPORE, Dec 1 (Reuters) - The yen rose on Monday, helped by comments from Bank of Japan Governor Kazuo Ueda who left the door open to a near-term rate hike, while the dollar began the month on the back foot as investors ramped up bets of a U.S. rate cut this month.
Reuters
Mon, Dec 1
EUR/USD Price Forecast: At make or a break near 1.1600
The EUR/USD pair trades flat around 1.1600 during the early European trading session on Monday. The major currency pair consolidates as investors await the Eurozone preliminary Harmonized Index of Consumer Prices (HICP) data for November, which will be released on Tuesday.Fxstreet
Mon, Dec 1
