The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Wednesday as the Greenback remains under broad pressure amid a firmly dovish Federal Reserve (Fed) outlook. At the time of writing, USD/CAD is trading around 1.3950, edging close to one-month lows as bearish momentum builds.
In her introductory statement before the European Parliament’s Committee on Economic and Monetary Affairs (ECON), European Central Bank (ECB) President Christine Lagarde said the Eurozone economy should gain support from improving household spending and a resilient labour market.
The Euro (EUR) trades flat against the Swiss Franc (CHF) on Wednesday as traders digest a fresh batch of Swiss inflation figures alongside Eurozone Purchasing Managers Index (PMI) surveys and Producer Price Index (PPI) data.
Fresh data from the Institute for Supply Management (ISM) showed the Services Purchasing Managers Index (PMI) picking up to 52.6 in November from 52.4, beating expectations of 52.1 and signalling a bit more momentum in the sector.
(This story was corrected on December 3 at 12:40 GMT as its content was written as a preview ahead of the Turkish CPI data for November. The story shouldn't have been released as the content was out after the data release, making it outdated from the moment of its publication.)
AUD/USD rallied to near 0.6600 as Q3 GDP data, though weaker than expected, confirmed strong private investment and household demand, supporting the RBA’s on-hold stance.
With a December Fed rate cut almost fully priced, market attention is shifting to the outlook for 2026, as expectations of a more dovish Fed could weigh on the dollar in the months ahead.
Gold (XAU/USD) firms as traders react to the latest US economic releases. At the time of writing, XAU/USD is trading around $4,225, edging modestly higher after briefly slipping below the $4,200 psychological level earlier in the day.
The US Dollar (USD) sold off in Asia as news emerged that interviews for the Fed chair position had been cancelled, ING's FX analyst Chris Turner notes.
Private employers shed 32,000 jobs in November, the Automatic Data Processing (ADP) reported on Wednesday. This reading followed the 47,000 increase (revised from 42,000) recorded in October and came in below the market expectation of 5,000 growth. During the period, the annual pay was up 4.4%.
European Central Bank (ECB) executive board member and Chief Economist Philip Lane said during the European trading session that monetary policy adjustments are required only if there is a large and persistent deviation in economic data.
Central banks added a net 53 tonnes of Gold to reserves in October, marking the strongest monthly increase since November 2024, with Poland and Brazil leading the charge.
Silver continues its rally, approaching the upper band of a multi-month ascending channel near $59.60/59.90, after breaking out of a brief consolidation, Société Générale's FX analysts note.
November PMIs point to further weakening of growth momentum. Both manufacturing PMIs in contraction territory, divergence narrows. Services and composite PMIs also came down. More targeted support expected to safeguard GDP growth in 2026, ABN AMRO's Senior Economist Arjen van Dijkhuizen reports.
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $58.05 per troy ounce, down 0.89% from the $58.57 it cost on Tuesday.
USD/JPY traded subdued at 155.70 as markets await the December BoJ rate hike, with momentum mildly bearish and RSI slipping, OCBC's FX analysts Frances Cheung and Christopher Wong note.
AUD/USD bounced off the August lows at 0.6410 and reclaimed its 200-day moving average, signaling short-term bullish potential, Société Générale's FX analysts note, Société Générale's FX analysts note.
A report from Reuters has stated that Chinese officials have provided suggestions on how a 5% Gross Domestic Product (GDP) growth rate can be achieved in 2026 too.
Προσπαθείτε να συνδεθείτε από νέα ή ληγμένη συσκευή. Παρακαλούμε επαληθεύστε αυτή τη συσκευή εισάγοντας τον κωδικό εξουσιοδότησης που έχει σταλεί στο ηλεκτρονικό σας ταχυδρομείο.
Εγγραφείτε σε αυτή τη συζήτησηΕιδοποιήστε με όταν κάποιος δημοσιεύει σε αυτή τη συζήτησηΟι ειδοποιήσεις γίνονται επιτόπου και μέσω ηλεκτρονικού ταχυδρομείου. Παρακαλούμε δηλώστε τη συχνότητα των ειδοποιήσεων ηλεκτρονικού ταχυδρομείου που επιθυμείτε να λαμβάνετε για αυτή τη συνδρομήΣυχνότητα Ηλεκτρονικού Ταχυδρομείου:
Εγγραφή
| Γράψτε μια κριτική
Important Information Before You Sign Up as a Company
Before you proceed, please read this important information about our review and rating policies.
Do – Get real customer reviews and embed our ratings widgets
Do – Get real customer reviews and embed our ratings widgets
Showcasing real experiences builds trust and drives long-term success. Our widgets highlight authentic customer feedback, boosting credibility. They link directly to your review page, making it easy for customers to share their experiences—so place them where happy clients can see and contribute.
Don't – Attempt to trick our system with fake reviews
Don't – Attempt to trick our system with fake reviews
We outperform other platforms in detecting fake reviews—our system gets smarter with more reviews. Using automated and human analysis, we monitor review trends, company history, and network and engagement patterns to flag suspicious reviews. Spam reviews appear in the spam tab, alerting the community, and repeated abuse may trigger manual violations. The best strategy? Rely on real, satisfied customers to build your rating honestly.
Μοιραστείτε την αξιολόγησή σας!
Ευχόμαστε να απολαμβάνετε τις υπηρεσίες μας και θα χαρούμε πολύ να ακούσουμε για την εμπειρία σας!
Κάντε κλικ σε έναν από αυτούς τους συνδέσμους για να αφήσετε μια κριτική: