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EARLY ASIA - FX UPDATE

Writer's picture: fxmethodsfxmethods
  • Dollar rises amid Fed rate cut expectations, better-than-expected retail sales data

  • South African rand weakens ahead of Fed decision

  • BofA maintains bullish GBP/CHF outlook for 2025

  • USD/IDR pair rose 0.4% as the country’s central bank is expected to keep its key interest rate steady on Wednesday

  • Bank of Thailand is expected to is expected to keep its key interest rates unchanged on Wednesday

  • USD/PHP pair ticked down 0.1% ahead of the Bangko Sentral ng Pilipinas' (BSP) interest rate decision on Thursday. The central bank is expected to reduce its key policy rates by 25 basis points for the third consecutive time.

  • National Australia Bank predicts an RBA interest rate cut in May 2025

  • Japan November exports +3.8% y/y (expected +2.8%) imports -3.8% y/y (expected +1.0%)

  • Mexican Peso retreats as market focus on Fed, Banxico meetings

  • WTI holds below $70.00 as weak Chinese data sparks demand concerns

  • Gold prices slip as Fed meeting gets underway

  • UBS says gold prices to build on gains, central banks to buy more

  • Aluminum prices dip amid China's rising output and demand concerns

  • Cocoa prices hit record high amid supply concerns

  • Bitcoin (BTC) Rockets to $108,000

  • US FDA warns online vendors selling unapproved weight-loss drugs

  • India stocks lower at close of trade; Nifty 50 down 1.41%



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