PBOC sets USDCNY reference rate at 6.9588 vs. 6.9606 previous
On Friday, the People’s Bank of China (PBOC) set the USD/CNY central rate at 6.9588 versus
USD/CHF bears approach 0.9325 support with eyes on central banks, inflation
USD/CHF holds lower ground in the weekly low, down for the fourth consecutive day. Mixed
ECB’s Villeroy: A temporary recession cannot be excluded
European Central Bank (ECB) Governing Council member and French central bank governor Francois Villeroy de Galhau
Gold Price Forecast: Lower interest rates environment is bullish for XAU/USD – SocGen
Gold gained 6.4% in November with the weakening US Dollar and declining yields. A lower
USD Index to stay around 104.50/105.00 as fights seasonal trends – ING
The US Dollar is still battling December seasonality, which is leading it to weaker levels.
USD/JPY remains confined in a range, holds above mid-136.00s amid mixed cues
USD/JPY oscillates in a narrow trading band amid subdued trading action on Thursday. A combination
China’s Consumer Price Index eases to 1.6% YoY in November vs. 1.0% expected
China’s Consumer Price Index (CPI) softened to 1.6% in November on an annualized basis when
EUR/USD surrenders modest intraday gains, once again fails ahead of 1.0600 mark
EUR/USD moves back closer to a multi-month top, though lacks follow-through. A modest USD recovery
EUR/USD will struggle to trade sustainably above 1.0600 – ING
EUR/USD continues to edge higher toward 1.0600. But in the view of economists at ING,
BoE Survey: UK public inflation expectations for coming year ease to 4.8% in November
The quarterly survey conducted by the Bank of England (BoE)/ Ipsos showed on Friday that the public's