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USDJPY declines slightly ahead of US CPI. GBPUSD prints new 15-month low before UK CPI. Chinese GDP data on the agenda; AUDUSD ticks marginally north. US CPI – USD/JPY The latest economic data shows a mixed picture. Nonfarm payrolls increased by 256k in December, beating expectations and lowering th

NZD/USD weakens to near 0.5600 in Friday’s early Asian session. The Fed plans to slow the pace of interest rate cuts this year, lifting the USD. Deflation risk in China weighs on the Kiwi. The NZD/USD pair remains weak to around 0.5600 during the early Asian session on Friday. The firmer Greenback a

The CAD is little changed on the session and continues to hold in the trading range established prior to the holiday break, Scotiabank’s Chief FX Strategist Shaun Osborne notes. USD/CAD is USD-bullish on a clear push above 1.4430“US/Canada terms spreads have stabilized and a dearth of domestic news—

The People's Bank of China (PBOC) said on Friday that it is likely to cut interest rates from the current level of 1.5% "at an appropriate time" in 2025, per Reuters. The Chinese central bank further stated that it would prioritize the role of interest rate adjustments and move away from “quantitati

The Australian Dollar depreciates as the RBA may begin rate cuts in February. The RBA’s Meeting Minutes suggested that the board had grown more confident about inflation; however, risks persisted. US Dollar appreciated as Fed policymakers signaled fewer rate cuts in 2025 due to a slowdown in the dis

EUR/GBP has been one of the most fascinating currency pairs in the forex market for years. After a minor bounce in July, the pair broke lower again and is now approaching the March 2022 lows. Consequently, we expect the downside to continue for several weeks toward our projected targets. So, when an