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Forex
Forex Today: Markets quiet down as Christmas approaches
Here is what you need to know on Tuesday, December 24:
Major currency pairs fluctuate in tight ranges early Tuesday as trading conditions thin out. Stock and…
USD/INR rises ahead of holiday-shortened trading week, eyes on possible RBI’s intervention
The Indian Rupee loses traction to an all-time low in Tuesday’s early European session.
A weak offshore Chinese Yuan, strong USD demand from importers, and…
Gold price sticks to modest gains, lacks bullish conviction amid Fed’s hawkish stance
Gold price edges higher on Tuesday, albeit lacking strong follow-through buying.
The Fed’s hawkish shift acts as a tailwind for the USD and caps the…
China’s Finance Ministry: Will step up fiscal spending, accelerate spending in 2025
China’s Finance Ministry said in a statement at the National Fiscal Work Conference on Tuesday that they “will step up fiscal spending, accelerate spending in…
USD/CAD edges higher to near 1.4400 as Fed policymakers signal fewer rate cuts next year
USD/CAD appreciates as its upside potential is strengthened by the slightly hawkish sentiment surrounding the Fed’s policy outlook.
The US Consumer…
Australian Dollar remains under pressure following the release of the RBA Meeting Minutes
The Australian Dollar depreciates as the RBA may begin rate cuts in February.
The RBA’s Meeting Minutes suggested that the board had grown more confident…
Japan’s Kato: Will take appropriate action against excessive moves
Japan’s Finance Minister Katsunobu Kato on Friday that they “will take appropriate action against excessive moves.”
Additional quotes
Important for…
RBA Minutes: Upside inflation risks have diminished
The Reserve Bank of Australia (RBA) published the Minutes of its December monetary policy meeting on Tuesday, highlighting that the board had gained confidence…
GBP/USD set to swoon on holiday-shortened week
GBP/USD held on the low side of 1.2550 on Monday.
Money markets are constricting ahead of the midweek Christmas holiday.
UK GDP figures slightly missed the…
Australian Dollar trades lower as RBA minutes draw attention
Aussie mildly declined to 0.6250 on Monday trading on a tight range.
Market eyes upcoming RBA minutes for policy clues.
Any RBA dovish hint could push the…