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Markets
USD/CAD softens below 1.4250 ahead of Canadian CPI inflation data
USD/CAD drifts lower to around 1.4235 in Tuesday’s Asian session.
Fed is likely to cut interest rates by 25 bps at the December meeting on Wednesday.
BoC…
EUR/USD struggles to make headway above 1.05
EUR/USD is trading thin and flat near the 1.0500 handle as bulls struggle.
Another Fed rate call and other key US data will keep Fiber focused on the US…
Australian Dollar gains as the USD backs off
The Australian Dollar holds above 0.6350 in the Asian session.
US Dollar slips as markets anticipate a Fed interest rate cut.
Preliminary US PMIs failed to…
Mexican Peso weakens before Banxico monetary policy decision
Mexican Peso hovers near the 50-day SMA at 20.11, with the USD/MXN showing minimal movement after US PMIs data.
Banxico is widely anticipated to cut rates…
Gold rises as markets focus on Retail Sales, FOMC looms
Gold prices increase despite a slight rise in the US Dollar following mixed PMI data.
Investors await the Fed’s interest rate decision and economic…
ECB’s Schnabel: Monetary policy can’t resolve structural issues
European Central Bank (ECB) Executive Board member Isabel Schnabel hit wires on Monday, cautioning that while lowering rates is the goal, the ECB still needs…
US Dollar holds steady as markets look to Fed decision
The DXY trades slightly lower on Monday.
Markets digest recent inflation data and strong S&P PMIs figures.
Attention shifts to Wednesday’s Fed rate…
EU imposes sanctions on oil trader Niels Troost over alleged Russian involvement
Stay informed with free updatesSimply sign up to the CommoditiesmyFT Digest -- delivered directly to your inbox.The EU has imposed sanctions on Dutch national Niels Troost over!-->!-->…
Dow Jones Industrial Average tepid as investors await Fed
The Dow Jones is trading sluggish on Monday, stuck near 43,800.
Markets await what is broadly anticipated to be the Fed’s last rate cut of 2024.
Increases…
Europe agrees insurance crackdown on Russia’s ‘dark fleet’
Stay informed with free updatesSimply sign up to the War in UkrainemyFT Digest -- delivered directly to your inbox.Tankers carrying Russian oil through European waters will be!-->!-->…