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Early Asia - FX Updates

  • Writer: fxmethods
    fxmethods
  • Dec 20, 2024
  • 1 min read

  • US Dollar orbits at elevated levels after the Fed spooks markets with a hawkish tilt for 2025

  • Indian rupee at 85.0775 against the US dollar. The local currency hit the 85 mark first time today.

  • USD/JPY hits a 5-month high just shy of 158.00

  • US Bill to avert a government shutdown has failed

  • Japan November headline CPI +2.9% (expected+2.9%, Gold ascends as US yields climbed, eyes on US Core PCE

  • prior 2.3%)

  • EUR/USD weakens to near 1.0350 on Fed hawkish cut, stronger US data

  • USD/CAD holds positive ground above 1.4400, eyes on Canadian Retail Sales, US Core PCE data

  • Swedish krona strengthens as Riksbank adopts cautious policy; Norwegian krone stable before rate decision

  • Sterling softens after Bank of England maintains rate

  • South Korean won hits 15-year low as hawkish Fed, domestic politics weigh

  • South Korea pension fund, central bank expand FX swap line as won drops

  • Federal Reserve on Wednesday lowered its key interest rate by a quarter percentage point, the third consecutive reduction in key policy rate.

 
 
 

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