Theophilus

Summary The Bank of Canada (BoC) delivered a large 50 bps rate cut for the second meeting in a row at today's announcement, lowering its policy rate to 3.25%. While acknowledging an overall softening in growth, the BoC's economic assessment was somewhat balanced, noting areas of both strength and we

USD/CHF gains ground to near 0.8835 in Wednesday’s early European session. Traders raise bets on Fed rate cut this month to 86%. The SNB will likely cut rates by 25 bps at the December meeting on Thursday. The USD/CHF pair trades in positive territory for the fourth consecutive day around 0.8835 dur

The Euro dives to fresh two-year lows below 0.8260 weighed by weak German data and a risk-averse sentiment German HICP contracted at a 0.7% pace in November, its worst reading Since December 2022. The diverging ECB and BoE monetary policy expectations are likely to keep the Euro under pressure. The

Fiscal and trade policy uncertainty overshadows US economic outlook, but we maintain our forecast for steady yet gradually cooling growth in 2025. We revise up our 2025 GDP forecast to 1.9% (from 1.5%) partly due to more positive overhang, and see 2026 growth at 2.1% We expect easier tax policies to

There has been no increase in either downward or upward momentum; the Pound Sterling (GBP) is likely to trade in a 1.2630/1.2705 range. In the longer run, outlook for GBP has turned neutral; it is likely to trade between 1.2580 and 1.2750, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.

The US Dollar (USD) is expected to trade in a range, probably between 149.00 and 150.50. In the longer run, USD may continue to decline, but it’s unclear if there’s enough momentum for it to reach 148.65, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note. USD/JPY doesn’t seem to have momen

Speaking in a pre-recorded interview at a financial conference on Tuesday, European Central Bank (ECB) board member Piero Cipollone said that US tariffs would weaken the economy, translating into lower consumption and thus reduced pressure on prices. "All this put together makes me think that we wil