Forex

Barclays expects the Federal Reserve to implement another 25-basis-point rate cut in December, based on insights from the minutes of the November 6-7 Federal Open Market Committee (FOMC) meeting. In a note released Wednesday, the bank highlighted that the minutes reflect a Fed leaning toward gradual easing, with future moves…

JPMorgan Shifts Stance on Mexican and Brazilian Equities Amid Global and Domestic Challenges JPMorgan has upgraded Mexican equities to “overweight” from “neutral,” citing strong U.S. economic growth, while downgrading Brazilian equities to “neutral” from “overweight” due to slowing growth in China and potential headwinds from President-elect Donald Trump’s proposed tariff…

Dollar Retreats as Markets Await Key US Inflation Data The US dollar softened on Wednesday, consolidating against its major counterparts ahead of the release of a crucial US inflation figure later in the session. As of 04:45 ET (09:45 GMT), the Dollar Index, which measures the greenback against six other…

The world’s leading investment banks are set to achieve their highest revenue in five years from trading Israeli bonds and currency, fueled by heightened volatility from the ongoing 14-month Middle East conflict, according to data reviewed by Reuters. In 2024, banks are projected to generate $475 million in fixed-income, currencies,…

U.S. Dollar Steadies Ahead of Inflation Data Amid Tariff Concerns The U.S. dollar held firm against major currencies on Wednesday as investors assessed President-elect Donald Trump’s tariff proposals while awaiting a key U.S. inflation report due later in the day. Trump’s recent pledge to impose significant tariffs on Canada, Mexico,…

New Zealand’s central bank implemented its third rate cut in four months on Wednesday, lowering the cash rate by 50 basis points to 4.25%, aligning with expectations from most economists in a Reuters poll. The Reserve Bank of New Zealand (RBNZ) also hinted at further substantial easing, including a likely…

Gold Prices Edge Higher Amid Safe-Haven Demand, Dollar Strength Limits Gains Gold prices inched higher during Asian trade on Wednesday, building on modest gains from the previous session as safe-haven demand remained supported by the potential for increased U.S. trade tariffs. However, stronger gains were capped by the robust performance…

A key indicator of long-term eurozone inflation expectations dropped below 2% on Tuesday, marking the first time since July 2022. This shift suggests that investors believe slowing economic growth could lead inflation to fall short of the European Central Bank’s target. The five-year, five-year forward inflation swap declined to 1.9994%,…

Bank of America analysts have expressed confidence in tactically fading the U.S. dollar’s recent rally this week, citing various trend reversal signals and shifts in market dynamics. In their FX Quant Insight report, the bank highlights key drivers such as declining U.S. Treasury yields, weakened demand for the dollar, and…

The Russian rouble continued its decline, reaching its lowest levels since March 2022 against both the dollar and the yuan. Finance Minister Anton Siluanov suggested that the government does not oppose the currency’s weakness, which offers advantages to exporters. For the first time since March 2022, the rouble fell to…