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The US Energy Information Administration has not made any significant changes to its forecasts, Commerzbank’s commodity analyst Carsten Fritsch notes. The EIA expects US net crude oil imports to fall by more than 20% “It predicts that US crude oil production will increase by an average of 280 thousa

NZD/USD edges higher to 0.5790 in Thursday’s early Asian session. Chinese authorities expect Yuan to weaken as US tariffs loom, weighing on the NZD. Swaps traders are betting on a 25 bps rate cut at the Fed’s policy meeting next week. The NZD/USD pair trades with mild gains around 0.5790 during the

USD/CAD gains traction to near 1.4170 in Monday’s early European session. The BoC expects to deliver another big rate cut at its December meeting on Wednesday. US Nonfarm Payrolls came in stronger than expected, rising by 227K in November vs. 36K (revised from 12K) prior. The USD/CAD pair extends th

NZD/USD extends the decline to around 0.5805 in Monday's early European session, down 0.47% on the day. Trump's tariff threats and Chinese deflationary pressure exert some selling pressure on the China-proxy Kiwi. The US CPI inflation data will take center stage on Wednesday. The NZD/USD pair faces

Comments from Fed Chief Jerome Powell will be closely followed midweek to get clues about the interest rate outlook. The Fed is seen reducing its interest rates by a quarter point at this month’s meeting. The US labour market takes centre stage this week, with NFP due on Friday. Federal Reserve Chai

If anyone thought that political risk would settle down in the final weeks of 2024, they were wrong. It has been a strange 24 hours in South Korea. Firstly, to avoid impeachment from the opposition, the president of South Korea declared martial law. After a tussle with special forces, Korean MPs ent

Things have been mostly quiet in the FX market this week. It seems participants are perhaps waiting for additional cues that could come by way of today’s round of US economic data or developments out of France around the no-confidence vote and possibility for a collapse in the government. Share: Ana

Federal Reserve (Fed) Bank of San Francisco President Mary Daly struck familiar chords on Tuesday, reiterating the stable outlook speechnotes that have become the bread and butter of Fed policymakers as of late. Key highlights The US economy is in a really good place. December rate cut is absolutely