Latest News

Argentina Takes Steps to Speed Up Milei’s Dollarization Strategy

1734617073 from BLOOMBERG

Argentina’s government is racing against time as it works with major banks and payment firms to advance Javier Milei’s dollarization strategy even as pesos are in high demand.

US Dollar keeps fresh two-year high in reach after Fed turned hawkish on 2025

1734615531 from FXStreet

The US Dollar (USD)is under pressure of some profit taking on Thursday, with the DXY Index hovering at around 108.00, after its sizable upward move on Wednesday on the back of the Federal Reserve (Fed) interest-rate decision. The rate cut by 25 basis

US Dollar Price Annual Forecast: King for longer?

1734615016 from fxstreet

The greenback—tracked by the US Dollar Index (DXY)—started the new year with a gradual yet choppy ascent, encountering temporary resistance around the 106.50 region in May.

CAD: Limited potential to recover – Scotiabank

1734612026 from FXStreet

The CAD has recovered about half of the post-FOMC drop seen yesterday afternoon.

USD drops back after Fed-driven surge – Scotiabank

1734611822 from FXStreet

The Fed delivered a ‘hawkish’ cut yesterday that was a tad more hawkish than the markets were prepared for.

AUD/USD picks up from lows near 0.6200 as the US Dollar gives away some gains

1734610917 from FXStreet

The Australian Dollar is trading with minor gains on Thursday, bouncing up from multi-year lows at 0.6200, following a sharp sell-off after Wednesday’s monetary policy decision by the Fed.

Mexican Peso picks up from multi-week lows against US Dollar ahead of Banxico’s decision

1734609788 from FXStreet

The Mexican Peso (MXN) trades with marginal gains against the US Dollar (USD) on Thursday after dropping to three-week lows near 20.40 the previous day.

Asian Currencies Slip as Fed Signals Hawkish Rates Outlook

1734607692 from BLOOMBERG

Asian currencies have come under pressure as the Federal Reserve reduced its outlook for interest rate cuts.

Morning Bid: Markets fear Fed floor at 4%, dollar booms

1734606927 from Yahoo

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USD/SGD: Triple-top busted – OCBC

1734601839 from FXStreet

USD/SGD rose another leg higher, as USD strength post-FOMC overwhelmed. Pair was last seen trading at 1.3615, OCBC’s FX analysts Frances Cheung and Christopher Wong note.

USD: Hawkish Fed sends USD spiking – ING

1734597367 from FXStreet

The Federal Reserve cut rates by 25bp as expected yesterday, but the broader policy message was more hawkish than expected.

EUR/USD rebounds as investors digest Fed hawkish remarks

1734595050 from FXStreet

EUR/USD jumps to near 1.0400 in Thursday’s European session as US Dollar’s (USD) bulls take a breather after a sharp run-up on Wednesday.

Aussie dollar, shares take a hit as US rate hopes fade

1734591811 from BIZNEWSAU

Aussie dollar, shares take a hit as US rate hopes fade

Fed buoys dollar and rattles equity markets

1734589929 from FT

US currency hits two-year high on hawkish forecasts from central bank

Australia stocks lower at close of trade; S&P/ASX 200 down 1.70%

1734586503 from INVESTING

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Asia markets tumble after Fed's cautionary outlook prompts Wall Street sell-off; BOJ keeps rate on hold

1734586420 from CNBC

Investors in Asia also assessed the Bank of Japan's decision to keep its policy rate unchanged at 0.25% for the third straight meeting.

US Fed’s hawkish rate-cut forecast slams China’s yuan

1734586355 from SCMP

China’s currency, hammered since Trump’s re-election, has depreciated further against the US dollar, despite the yuan’s share among global payments rising.

Australian Dollar steadies as US Dollar remains softer ahead of Q3 GDP Annualized

1734585110 from FXStreet

The Australian Dollar (AUD) pares daily losses following the release of Consumer Inflation Expectations on Thursday.

AUD/JPY climbs above 96.50 as BoJ leaves interest rate unchanged in December

1734580265 from FXStreet

The AUD/JPY cross drifts higher to around 96.70, snapping the two-day losing streak during the Asian trading hours on Thursday.

Indian Rupee Falls to Record Low as Fed Weighs on Asia Sentiment

1734579756 from BLOOMBERG

The Indian rupee fell past 85 per dollar to a new low, declining with most Asian peers as hawkish commentary by the Federal Reserve weighed on sentiment.

The Rising Dollar Makes India’s Central Bank's FX Strategy Trickier

1734576626 from BLOOMBERG

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:

Fed's Signal of Fewer Rate Cuts in 2025 Sends Korean Won to 15-Year Low

1734575700 from WSJ

The Fed’s signal of fewer rate cuts in 2025 led the Korean won to fall to its weakest level against the U.S. dollar in more than 15 years.

Asian Assets Reel from Hawkish Fed Twist | Bloomberg: The Asia Trade 12/19/24

1734575451 from BLOOMBERG

"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Sydney and Tokyo with Paul Allen and Shery Ahn, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)

Hong Kong shares fall after Fed signals slower easing next year

1734575304 from SCMP

Federal Reserve’s hawkish forecast for just two rate cuts next year dampens sentiment.

Asian Shares Follow Wall Street Lower After Hawkish Fed Rate Cut

1734574179 from NASDAQ

(RTTNews) - Asian stocks were deep in the red on Thursday, the yield on benchmark U.S. Treasury yields touched a seven-month high, the dollar index jumped to a two-year high and gold held below $2,600 per ounce after the U.S. Federal Reserve signaled a slower pace of easing next

Asian stocks dive after Fed flags slower rate cuts, BOJ decision awaited

1734571610 from Yahoo

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PBOC Offers Strongest Yuan Support Since July After Dollar Gains

1734571300 from BLOOMBERG

China ramped up support for the currency via its daily reference rate after Federal Reserve’s caution over future interest rate cuts boosted the dollar and sent the offshore yuan to a fresh one-year low.

PBOC sets USD/CNY reference rate at 7.1911 vs. 7.1880 previous

1734570982 from FXStreet

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1911, as compared to the previous day's fix of 7.1880 and 7.3165 Reuters estimates.

Asian Currencies Tumble as Fed’s Hawkish Cut Jolts Market

1734570766 from BLOOMBERG

The slide in emerging-market currencies on Wednesday extended into Asian trading hours, with the South Korean won falling to its weakest level since the financial crisis.

Dollar rally stalls as market digests Fed's cooler approach to easing

1734569610 from Yahoo

No description available

Hong Kong cuts base rate by a quarter point to 4.75% as US Fed signals fewer cuts in 2025

1734564662 from SCMP

The Hong Kong Monetary Authority has cut its base rate three times since September to a level last seen in December 2022.

NZD/USD faces selling pressure below 0.5650 as New Zealand’s GDP falls 1.0% in Q3

1734563954 from FXStreet

The NZD/USD pair attracts some sellers to around 0.5630 during the early Asian session on Thursday.

Australia Shares Poised to Drop, Taking Cue From Wall Street

1734563280 from WSJ

Australia’s S&P/ASX 200 is ready to fall at the open, following U.S. stocks lower after the Fed reeled in expectations for rate cuts next year.

Dollar Jumps to a 2-Year High on a Hawkish Fed

1734563003 from NASDAQ

The dollar index (DXY00 ) Wednesday rose by +1.04% and posted a 2-year high. The dollar rallied Wednesday after the FOMC signaled only 50 bp of interest rate cuts next year, down from a September projection of 100 bp of rate cuts. The dollar also moved higher after the FOMC...

Dollar Rises to Highest Since 2022 as Fed Sees Less Rate Cuts

1734549551 from BLOOMBERG

The dollar rallied to the strongest level in over two years after the Federal Reserve signaled a slow down in the pace of monetary easing next year.

Australian Dollar trades lower as markets brace for hawkish cut

1734547360 from FXStreet

The Australian Dollar approaches 0.6300, weighed by broad risk aversion ahead of the Federal Reserve’s (Fed) policy announcement and lingering China-related concerns.

Mexican Peso regains ground ahead of Fed and Banxico meeting

1734546605 from FXStreet

The Mexican Peso recovered some ground against the US Dollar on Wednesday as market participants await the Federal Reserve’s (Fed) monetary policy decision.

Top Australia Pension Funds to Add Private Investments in 2025

1734544800 from BLOOMBERG

Investment chiefs at big Australian pension funds are honing in on private assets for next year as a key source of growth for the nation’s booming A$4.1 trillion ($2.6 trillion) industry.

Dollar Slightly Higher Before Fed Rate Decision

1734544360 from NASDAQ

The dollar index (DXY00 ) today is trading slightly higher on speculation the Fed will signal a pause in its rate-cutting cycle after cutting rates by -25 bp today. Higher T-note yields today are also supportive of the dollar. Today’s US housing news was mixed for the dollar, but a...

US Dollar drifts as Fed decision looms

1734543284 from FXStreet

The US Dollar Index, which measures the value of the USD against a basket of currencies, trades neutrally near the 107.00 mark on Wednesday as it consolidates ahead of the Federal Reserve (Fed) interest rate decision.

Argentina Working With Banks to Expanding Dollar Lending

1734542705 from BANKING

… ) — Argentina’s government is pushing banks to expand dollar lending to … than $20 billion in local banks. Current regulations only allow dollars …

Silver Price Forecast: XAG/USD slumps to near $30.30 amid uncertainty ahead of Fed policy meeting

1734532182 from FXStreet

Silver price (XAG/USD) falls to near $30.30 in the North American session on Wednesday.

CAD holds near low for now – Scotiabank

1734530614 from FXStreet

There is an uncomfortable mix of internal and external uncertainties facing the Canadian Dollar (CAD) right now. The charts suggest no relief for the CAD, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

USD mixed ahead of Fed – Scotiabank

1734527558 from FXStreet

The US Dollar (USD) is narrowly mixed ahead of the outcome of the Fed policy decision later today. DXY gains through 107.15 should trigger another leg up in the index, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

US Dollar flattens ahead of last Fed meeting for 2024

1734526259 from FXStreet

The US Dollar (USD) consolidates on Wednesday, with the DXY Index hovering around 107.00, in the runup to the Federal Open Market Committee (FOMC) interest-rate decision.

AUD/USD hits fresh yearly lows near 0.6300 with all eyes on teh Fed

1734521454 from FXStreet

The Australian Dollar is trading at fresh one-year lows near 0.6300, drawing closer to last year’s low at 0.6270 in a risk-averse market with traders cautious ahead of the Fed’s decision.

Mexican Peso consolidates as traders await Fed interest-rate decision

1734519794 from FXStreet

The Mexican Peso (MXN) is practically flat on Wednesday, with US Dollar Index (DXY) steady near recent highs as investors bid their time ahead of the US Federal Reserve’s (Fed) monetary policy decision.

Bloomberg Daybreak: Fed in Focus (Podcast)

1734518098 from BLOOMBERG

Source: Bloomberg, 14:20

XAU/USD: Gold Can Resume Lower During Dollar Strength vs CNH

1734512280 from INVESTING

No description available

AUD/JPY remains tepid around 97.00 due to rising odds of RBA reducing rates sooner

1734510276 from FXStreet

AUD/JPY loses ground for the second consecutive session, trading around 97.00 during the European hours on Wednesday.