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This week, central banks around the globe made significant monetary policy decisions. While the Reserve Bank of Australia maintained its interest rate, the Bank of Canada, the Swiss National Bank, and the European Central Bank all implemented rate cuts. Let's take a closer look at what to expect nex

China held its annual Central Economic Work Conference (CEWC) on 11-12 Dec 2024. The 2-day closed door meeting was chaired by Chinese President Xi Jinping, with the key role to plan the economic work for 2025. Going into the meeting, the focus has been on the size of stimulus to stabilise China’s gr

The Mexican peso trades practically flat against the US Dollar near the 20.00 level. Hopes of Fed interest-rate cuts next week are acting as a headwind for the US Dollar. Technically, the USD/MXN pair remains bearish, with upside attempts limited at 20.30. The Mexican Peso (MXN) trades practically f

Summary November's CPI report delivered more evidence that progress in lowering inflation has stalled. Consumer prices rose 0.3%, pushing the 12-month change up to 2.7%. While a pickup in prices for food and gasoline contributed to the headline's strength, excluding food and energy price growth also

The Dollar has rebounded this week, and any higher-than-expected reading in today’s U.S. November core CPI could fuel further gains. Here’s the scoop: virtually everyone in my circle sees a rate cut next week, but hold your horses—a CPI report flashing a “heat wave” could twist the Fed's arm into re

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Here is what you need to know on Friday, December 6: The US Dollar (USD) holds its ground early Friday after weakening against its major rivals on Thursday. Investors await November jobs report, which will include Nonfarm Payrolls (NFP), Unemployment Rate and wage inflation figures. The US economic

The Pound Sterling rises as BoE Governor Andrew Bailey sticks to follow a gradual policy-easing approach. Financial market participants expect the BoE to keep interest rates steady in the policy meeting on December 19. Fed Powell expects that the central bank has the comfort of becoming “cautious” o

NZD/JPY stabilized at 88.10 on Wednesday after recent declines. Indicators flattened in negative territory, signaling a pause in bearish momentum. Bears remain in control, but oversold conditions could limit further immediate downside. The NZD/JPY pair stabilized around 88.10 on Wednesday, following

The Euro (EUR) is expected to continue to trade in a range, most likely between 1.0480 and 1.0535. In the longer run, instead of a rebound, EUR is expected to trade in a range for now, most likely between 1.0430 and 1.0580, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note. EUR is expected

The single European currency is again under pressure, falling towards the 1,05 level in the early hours of the new week as most of the catalysts that have weighed on the euro recently remain in play. Last week's data confirmed concerns about the course of the European economy, while German inflation