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DXY: Wakeup call from a hawkish Fed – OCBC
FX markets received a wakeup call from a hawkish Fed, with USD up over 1% overnight post-FOMC. December seasonality of US Dollar (USD) softness doesn’t seem to apply for Dec-2024 so far. The Dollar Index (DXY) was last at 108 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.
Fxstreet
Dec 19, 2024
EUR maintains a tight range – Scotiabank
The final Eurozone CPI for November was revised down to 2.2%, from the preliminary 2.3%. Core inflation was left unchanged at 2.7%. The Euro (EUR) is virtually flat on the day and ignored the data as tight range trading extended for another day, Scotiabank’s Chief FX Strategist Shaun Osborne notes.Fxstreet
Dec 18, 2024
GBP pressures resistance in low 1.27s – Scotiabank
UK inflation data reflected the expected pick up in prices in November. The Pound Sterling (GBP) picked up a little support over the course of European trade but Cable is finding it difficult to hold gains through the low 1.27s, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Fxstreet
Dec 18, 2024
CNY: A few more thoughts on the falling yields in China – Commerzbank
After the yield on Chinese government bonds fell by around 30 basis points in the first two weeks of December, it stabilised over the course of Monday's and yesterday's trading session and is currently hovering around 1.72%.
Fxstreet
Dec 18, 2024
EUR: German story to stay soft before turning any better – ING
The latest input to the eurozone’s growth story – another decline in the German Ifo index – should keep market’s dovish tendency in European Central Bank pricing well intact, even if consensus is building that the upcoming German election will generate some degree of fiscal support.
GBP/USD: Higher than expected wage growth push the GBP up – Scotiabank
UK labour market data reflected a larger than expected jump in Average Weekly Earnings in October (to 5.2%, from 4.4%) while ex-bonus pay also rose (5.2%, from 4.9%), Scotiabank’s Chief FX Strategist Shaun Osborne notes, Scotiabank’s Chief FX Strategist Shaun Osborne notes.Fxstreet
Dec 17, 2024
CAD: Tide of negative news from Ottawa – Scotiabank
The Canadian Dollar (CAD) is softer again—which is no great surprise given the flow of news from Ottawa in the past 24 hours. Freeland’s shock departure from Finance and the tone of her resignation letter leaves a dense cloud of political uncertainty hanging over government.Fxstreet
Dec 17, 2024
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