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USD softens as Trump signals Hassett for Fed Chair – Scotiabank
USD softens as Trump signals Hassett for Fed Chair – Scotiabank
The US Dollar (USD) twitched nervously yesterday as President Trump referred to CEA head Hassett as the 'potential' Fed chair.
DollarIndex
Banks
Fed
Treasury Secretary Bessent: Trump has normalized the idea of a 15-20% tariff
Treasury Secretary Bessent: Trump has normalized the idea of a 15-20% tariff
Treasury Secretary Bessent speaking at the New York Times Deal Book summit
USD/CAD declines as soft ADP report reinforces dovish Fed outlook
USD/CAD declines as soft ADP report reinforces dovish Fed outlook
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.
USDCAD
BOC
Fed
Employment
InterestRate
US September industrial production 0.1% versus 0.0% expected
US September industrial production 0.1% versus 0.0% expected
US industrial production and capacity utilization for the month of September 2025
Lagarde speech: Eurozone growth supported by household spending, labour market
Lagarde speech: Eurozone growth supported by household spending, labour market
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.
Microsoft lower AI sales quotas.
Microsoft lower AI sales quotas.
Stocks move lower. Microsoft is down -2% in premarket trading
EUR/CHF steady as Swiss inflation slides to 0.0% ahead of SNB meeting
EUR/CHF steady as Swiss inflation slides to 0.0% ahead of SNB meeting
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.
EURCHF
Eurozone
PMI
Switzerland
CPI
ADP National employment for November -32K vs 10K est.
ADP National employment for November -32K vs 10K est.
The monthly ADP employment numbers for the month of November 2025.
Breaking: US ISM Services PMI surpasses consensus in November
Breaking: US ISM Services PMI surpasses consensus in November
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.
Breaking
EURUSD
PMI
Fed
EconomicIndicator
AUD: Australia Q3 GDP comes slightly below forecast – MUFG
AUD: Australia Q3 GDP comes slightly below forecast – MUFG
Australia’s economy expanded 0.4% in Q3, below the RBA’s 0.5% forecast, though Q2 growth was revised up to 0.7%, keeping the annual pace near 2%.
Banks
Australia
AUDUSD
RBA
GDP
investingLive European FX news wrap: Swiss CPI misses again, USD falls as yields retreat
investingLive European FX news wrap: Swiss CPI misses again, USD falls as yields retreat
Forex news from the European morning session on Dec 3, 2025
Session wrap
Wrap Europe
Correction: About Commerzbank's Turkish Lira market commentary
Correction: About Commerzbank's Turkish Lira market commentary
(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.)
Banks
USDTRY
Turkey
Inflation
CBRT
EUR/JPY steady as Eurozone data supports EUR, Yen gains on BoJ hike expectations
EUR/JPY steady as Eurozone data supports EUR, Yen gains on BoJ hike expectations
EUR/JPY trades around 181.30 on Wednesday at the time of writing, stable on the day.
AUD/USD hits multi-week high amid RBA’s on-hold bias – BBH
AUD/USD hits multi-week high amid RBA’s on-hold bias – BBH
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.
AUDUSD
Banks
RBA
Technical Analysis
US MBA mortgage applications w.e. 28 November -1.4% vs +0.2% prior
US MBA mortgage applications w.e. 28 November -1.4% vs +0.2% prior
Latest data from the Mortgage Bankers Association for the week ending 28 November 2025
US Dollar poised ahead of Fed, ADP data in focus – Commerzbank
US Dollar poised ahead of Fed, ADP data in focus – Commerzbank
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.
DollarIndex
Banks
Fed
Gold steadies as mixed US data and dovish Fed expectations pressure the Dollar
Gold steadies as mixed US data and dovish Fed expectations pressure the Dollar
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.
Gold
SEO
XAUUSD
Technical Analysis
Fed
AUD/USD approaches 0.6600 as US Dollar underperforms
AUD/USD approaches 0.6600 as US Dollar underperforms
The AUD/USD pair extends its winning streak for the ninth trading day on Wednesday.
AUDUSD
Fed
RBA
Employment
GDP
USD retreats amid Hassett Fed chair speculation – BBH
USD retreats amid Hassett Fed chair speculation – BBH
US Dollar (USD) is down across the board, global equity markets are up, and bond markets are steady.
DollarIndex
Fed
Banks
USD slides as Hassett emerges as Fed chair favorite – ING
USD slides as Hassett emerges as Fed chair favorite – ING
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.
DollarIndex
Banks
Technical Analysis
Fed
US ADP Employment Change falls by 32,000 in November vs. 5,000 expected gain
US ADP Employment Change falls by 32,000 in November vs. 5,000 expected gain
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%.
UnitedStates
Employment
EURUSD
DollarIndex
Fed
Change
EUR: November eurozone inflation meets expectations – Commerzbank
EUR: November eurozone inflation meets expectations – Commerzbank
Eurozone inflation for November came in largely as expected, with headline at 2.2% y/y and core at 2.4%, leaving the ECB’s policy stance unchanged.
EURUSD
Banks
Technical Analysis
ECB
ECB’s Lane: Monetary policy should remains steady unless there is large deviation
ECB’s Lane: Monetary policy should remains steady unless there is large deviation
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.
ECB
EURUSD
InterestRate
USD/CHF weakens amid Fed rate cut expectations, mixed Swiss CPI
USD/CHF weakens amid Fed rate cut expectations, mixed Swiss CPI
USD/CHF stabilizes above 0.8000 on Wednesday, trading near 0.8010 at the time of writing, down 0.25% on the day.
Global central banks boost Gold buying in October – ING
Global central banks boost Gold buying in October – ING
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.
Gold
XAUUSD
Banks
Commodities
Metals
Silver extends uptrend towards $59.90 – Société Générale
Silver extends uptrend towards $59.90 – Société Générale
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.
Banks
Silver
Technical Analysis
XAGUSD
Metals
UpTrend
Dollar continues to ease lower to start December trading
Dollar continues to ease lower to start December trading
No love for the dollar in starting the final month of the year
Forex
USD
China: November PMIs point to further slowdown – ABN AMRO
China: November PMIs point to further slowdown – ABN AMRO
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.
PMI
China
Banks
GDP
Manufacturing
The INR falls to a new all-time low with RBI expected to cut the repo rate on Friday
The INR falls to a new all-time low with RBI expected to cut the repo rate on Friday
The Indian Rupee continues to weaken amid RBI rate cut speculations and the central bank's inability to stop the depreciation. What's next?
Eurozone October PPI +0.1% vs +0.1% m/m expected
Eurozone October PPI +0.1% vs +0.1% m/m expected
Latest data released by Eurostat - 3 December 2025
Silver price today: Silver falls, according to FXStreet data
Silver price today: Silver falls, according to FXStreet data
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.
Silver
Commodities
Metals
UK November final services PMI 51.3 vs 50.5 prelim
UK November final services PMI 51.3 vs 50.5 prelim
Final data released by S&P Global - 3 December 2025
Pound Sterling outperforms US Dollar ahead of US ADP Employment data
Pound Sterling outperforms US Dollar ahead of US ADP Employment data
The Pound Sterling (GBP) trades 0.5% higher to near 1.3280 against the US Dollar (USD) during the European trading session on Wednesday.
GBPUSD
Fed
BOE
Employment
SEO
USD/JPY pauses ahead of BoJ rate decision – OCBC
USD/JPY pauses ahead of BoJ rate decision – OCBC
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.
USDJPY
Technical Analysis
Banks
BOJ
AUD/USD holds key support at 0.6410 – Société Générale
AUD/USD holds key support at 0.6410 – Société Générale
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.
AUDUSD
Banks
Technical Analysis
France November final services PMI 51.4 vs 50.8 prelim
France November final services PMI 51.4 vs 50.8 prelim
Latest data released by HCOB - 3 December 2025
China affirms 5% growth target for 2026 – Reuters
China affirms 5% growth target for 2026 – Reuters
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.
China
GDP
AUDUSD
Broker Rebates