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General trend - Japan’s Nov PPI y/y was the highest since Jun 2023. JPY/USD traced back a small portion of losses suffered since the week began, with 10-yr yields +1bps. BOJ decision next week, with some analysts considering a January hike may be on the cards, instead of December. - Ahead of Friday’

Euro loses ground, although Germany reports steady inflation; traders await the ECB’s decision. NFIB Business Optimism Index in the US climbs to 101.7, marking the highest since June 2021. Traders await upcoming US CPI data, searching for clues about the Fed’s December decision. The Euro fell from 1

USD/CAD rises to a fresh four-year high near 1.4200 ahead of BoC monetary policy announcement and the US inflation. US core CPI is estimated to have grown steadily by 3.3% in November. Investors expect the BoC to cut interest rates by 50 bps on Wednesday. The USD/CAD pair posts a fresh four-year hig

The USD/MXN resumed its downtrend as the effect of the release of strong US labour figures waned. Mexican CPI data is expected to show cooling inflation, which might increase the selling pressure on the MXN. Technically, USD/MXN’s double top at 20.80 suggests the possibility of a deeper correction.

The Pound Sterling (GBP) is a moderate outperformer on the session, gaining a little over 0.5% on the softer US Dollar (USD), Scotiabank’s Chief FX Strategist Shaun Osborne notes. GBP extends gains through the low 1.27s “That can perhaps be attributed more to positioning and technicals than fundamen

USD/CAD edges lower on Thursday and snaps a three-day winning streak amid a softer USD. Rebounding US bond yields lend support to the USD and the pair ahead of the OPEC+ meeting. Traders look to US Jobless Claims, though the focus remains on monthly jobs data on Friday. The USD/CAD pair struggles to

Eurozone headlines are once again providing cause for concern, says Chris Beauchamp, Chief Market Analyst at online trading platform IG. FTSE 100 touches new one-month high The FTSE 100 briefly surged to a one-month high today, but a dearth of major news meant that the gain could not be sustained. I

President-elect Donald Trump warns BRICS nations against creating a dollar rival, threatening 100% tariffs and restricted access to the U.S. market. Donald Trump, the incoming U.S. President, has issued a strong warning to BRICS nations over their plans to challenge the dominance of the U.S. dollar