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EUR/USD edges higher to mid-1.1600s; looks to US PCE Price Index for fresh impetus
EUR/USD edges higher to mid-1.1600s; looks to US PCE Price Index for fresh impetus
The EUR/USD pair attracts some dip-buyers during the Asian session on Friday and recovers a part of the previous day's retracement slide from the 1.1680 region, or the highest level since October 17.
EURUSD
Fed
Inflation
ECB
Currencies
Japanese Yen holds steady as BoJ rate hike bets offset weak data; USD/JPY seems vulnerable
Japanese Yen holds steady as BoJ rate hike bets offset weak data; USD/JPY seems vulnerable
The Japanese Yen (JPY) holds steady during the Asian session on Friday and reacts little to the unimpressive data, which showed that Japan's Household Spending unexpectedly fell at the fastest pace in nearly two years in October.
USDJPY
ConsumerSpending
BOJ
Fed
SEO
WTI holds below $60.00, Fed rate cut bets cushion losses
WTI holds below $60.00, Fed rate cut bets cushion losses
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $59.45 during the Asian trading hours on Friday. The WTI declines amid an increase in US crude oil stockpiles, signaling excess supply.
Oil
WTI
Commodities
Macroeconomics
RBA to hold cash rate at 3.60% through 2026 — Reuters poll
RBA to hold cash rate at 3.60% through 2026 — Reuters poll
The Reserve Bank of Australia (RBA) will hold its cash rate at 3.60% at its December next week and keep it steady through 2026, according to the latest Reuters poll.
RBA
CentralBanks
InterestRate
AUDUSD
PBOC sets USD/CNY reference rate at 7.0749 vs. 7.0733 previous
PBOC sets USD/CNY reference rate at 7.0749 vs. 7.0733 previous
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0749 compared to the previous day's fix of 7.0733 and 7.0751 Reuters estimate.
USDCNY
PBOC
CentralBanks
Currencies
NZD/USD weakens to near 0.5750 as traders await US PCE inflation release
NZD/USD weakens to near 0.5750 as traders await US PCE inflation release
The NZD/USD pair edges lower to around 0.5765 during the early Asian trading hours on Friday, pressured by the rebound in the US Dollar (USD). Nonetheless, the potential downside for the pair might be limited amid rising bets for a rate cut by the Federal Reserve (Fed) next week.
Majors
Macroeconomics
NZDUSD
AUD/USD holds steady above 0.6600; remains close to two-month high ahead of US PCE data
AUD/USD holds steady above 0.6600; remains close to two-month high ahead of US PCE data
The AUD/USD pair enters a bullish consolidation phase during the Asian session on Friday and oscillates in a range around the 0.6600 round figure, just below a nearly two-month high, touched the previous day.
AUDUSD
Inflation
Fed
RBA
Currencies
Japan’s Katayama says will closely monitor market developments
Japan’s Katayama says will closely monitor market developments
Japan’s Finance Minister Satsuki Katayama said on Friday that interest rates are shaped by “various factors” and reiterated that the government will closely monitor market developments, pursue appropriate debt-management policies, and craft budgets with fiscal sustainability in mind.
Japan
Macroeconomics
BOJ
CentralBanks
Gold Price Forecast: XAU/USD flat lines near $4,200 ahead of US PCE inflation release
Gold Price Forecast: XAU/USD flat lines near $4,200 ahead of US PCE inflation release
Gold price (XAU/USD) trades on a flat note near $4,205 during the early Asian trading hours on Friday. Rising US Treasury yields and upbeat US jobs data cap upside for the precious metal. Traders might prefer to wait on the sidelines ahead of the key US inflation data.
XAUUSD
Gold
Commodities
Macroeconomics
China debt crackdown pushes LGFVs into costly shadow loans, reviving hidden-risk worries
China debt crackdown pushes LGFVs into costly shadow loans, reviving hidden-risk worries
The resurgence of shadow lending underscores persistent stress in China’s local-government finances and weak infrastructure spending — a drag on growth-sensitive assets. The trend signals higher credit risk in LGFV-linked markets and may limit Beijing’s ability to stimulate without widening fiscal strain. Investors may interpret this as medium-term negative for China credit, construction supply chains, and commodity demand.
China
Japan data huge miss - Household spending plummets in Oct, down 3% y/y vs. +1% expected
Japan data huge miss - Household spending plummets in Oct, down 3% y/y vs. +1% expected
The steep decline in household spending highlights the disconnect between rising wages and consumer behaviour, potentially limiting the BOJ’s confidence in near-term demand-driven inflation. Yen traders may see the release as modestly dovish for December, though broader policy expectations still hinge on wage momentum and next week’s inflation data.
Bonds
BOJ
JPY
GBP/USD pulls back as bull run hesitates
GBP/USD pulls back as bull run hesitates
GBP/USD flubbed a technical run at the 1.3350 handle on Wednesday, falling back below the key technical level and trimming some of the ground gained during a strong rebound earlier in the week.
GBPUSD
Currencies
Inflation
USD/JPY drifts lower to near 155.05 on Fed rate cut expectations, US PCE inflation data in focus
USD/JPY drifts lower to near 155.05 on Fed rate cut expectations, US PCE inflation data in focus
The USD/JPY pair remains weak near 155.05 during the early Asian session on Friday. Rising bets for a rate cut by the US Federal Reserve (Fed) next week and weaker US economic data weigh on the US Dollar (USD) against the Japanese Yen (JPY).
USDJPY
Majors
Macroeconomics
Euro dips as US jobs data boosts the Dollar despite Fed-cut buzz
Euro dips as US jobs data boosts the Dollar despite Fed-cut buzz
Euro retreats somewhat on Thursday as traders digest the last round of US jobs data as they also brace for the release of the Federal Reserve’s preferred inflation gauge, the Core Personal Consumption Expenditures (PCE) Price Index. At the time of writing, the EUR/USD trades at 1.1649, down 0.19%.
Fundamental Analysis
Technical Analysis
EURUSD
Majors
SEO
USTR Greer calls for smaller, balanced China trade and tighter USMCA enforcement
USTR Greer calls for smaller, balanced China trade and tighter USMCA enforcement
USTR Greer said the U.S. wants a stable but smaller and more balanced trade relationship with China, highlighting a 25% decline in the U.S. goods deficit as progress. He also warned of problems within the USMCA and stressed the need to prevent Mexico and Canada from being used as export hubs for Asian producers.
China
CAD
MXN
Balanced
Economic and event calendar in Asia Friday, December 5, 2025. Japan spending data.
Economic and event calendar in Asia Friday, December 5, 2025. Japan spending data.
Asian Economic Calendar: Key events and consensus expectations for 05 December 2025
economic calendar
investingLive Americas market news wrap: Initial jobless claims tumble
investingLive Americas market news wrap: Initial jobless claims tumble
Forex news for North American trading on Dec 4, 2025
Session wrap
Wrap Nth America
Treasury yields perk up and help boost the US dollar
Treasury yields perk up and help boost the US dollar
First gain in five days for the US dollar
Bonds
USD
Dow Jones Industrial Average sheds 100 points on Thursday
Dow Jones Industrial Average sheds 100 points on Thursday
The Dow Jones Industrial Average (DJIA) spun in a tight circle near 48,000 on Thursday before retreating around 100 points.
DowJones
Equities
SEO
Fed
FX Today: US PCE data takes centre stage alongside the flash U-Mich gauge
FX Today: US PCE data takes centre stage alongside the flash U-Mich gauge
The US Dollar (USD) struggled for direction amid the ongoing and intense bearish trend in place since late November. Rising bets for a rate cut by the Federal Reserve (Fed) next week and discouraging data have been keeping the Greenback under scrutiny as of late, fuelling its downside momentum.
Fed
Inflation
DollarIndex
EURUSD
Currencies
European indices close with gains across the board
European indices close with gains across the board
The Spain's Ibex and German DAX lead the charge
Stocks
EUR/USD softens after eight-day rally ahead of key US PCE, Eurozone data
EUR/USD softens after eight-day rally ahead of key US PCE, Eurozone data
The Euro (EUR) trades slightly lower against the US Dollar (USD) on Thursday, weighed down by a modest uptick in the Greenback.
EURUSD
Eurozone
UnitedStates
Fed
InterestRate
AUD/USD hits highest since October as speculation of a hawkish RBA builds
AUD/USD hits highest since October as speculation of a hawkish RBA builds
The Australian Dollar extends gains against the US Dollar on Thursday as markets scale back expectations of additional rate cuts by the Reserve Bank of Australia (RBA). At the time of writing, AUD/USD is trading around 0.6622, its strongest level since October 7.
AUDUSD
RBA
Fed
China
InterestRate
GBP/USD shrugs off strong US labor data as traders stay committed to Fed easing
GBP/USD shrugs off strong US labor data as traders stay committed to Fed easing
The Pound Sterling (GBP) rises against the US Dollar (USD) during the North American session on Thursday, even though US jobs data suggests that the labor market remains solid, and the expectations that the Federal Reserve (Fed) will cut rates remain high.
GBPUSD
Fundamental Analysis
Technical Analysis
Majors
EUR gains as Germany pension reform set to pass – Rabobank
EUR gains as Germany pension reform set to pass – Rabobank
Germany’s pension reform looks set to pass after Die Linke signals abstention, giving Euro (EUR) a temporary boost against the Pound Sterling (GBP).
EURUSD
Banks
Technical Analysis
Fundamental Analysis
EURGBP
Silver Price Forecast: RSI divergence emerges as XAG/USD eases after hitting record highs
Silver Price Forecast: RSI divergence emerges as XAG/USD eases after hitting record highs
Silver (XAG/USD) trades on the back foot on Thursday as bulls take a breather and book partial profits after the metal climbed to record highs near $58.98 on Wednesday. At the time of writing, XAG/USD is trading around $56.87, down roughly 2.77% on the day.
XAGUSD
Silver
Technical Analysis
SupportResistance
ChartPatterns
JPY leads G10 as BoJ hike bets grow – Scotiabank
JPY leads G10 as BoJ hike bets grow – Scotiabank
The Japanese Yen (JPY) strengthens sharply as tightening expectations for the BoJ accelerate, driven by Governor Ueda’s latest hawkish remarks.
USDJPY
Banks
BOJ
Japan
CentralBanks
GBP pushes toward late-October highs – Scotiabank
GBP pushes toward late-October highs – Scotiabank
The Pound Sterling (GBP) stays firm near the top of its overnight range, with options markets sharply repricing protection against GBP weakness after the UK budget.
GBPUSD
Banks
BOE
Technical Analysis
UnitedKingdom
EUR holds gains as Fed/ECB spread widens – Scotiabank
EUR holds gains as Fed/ECB spread widens – Scotiabank
The Euro (EUR) is consolidating this week’s advance, supported by widening rate differentials and a neutral ECB outlook, with little reaction to soft euro-area data.
EURUSD
Banks
Technical Analysis
ECB
Federal Reserve to cut the funds rate by 25bps on December 10 - Reuters poll
Federal Reserve to cut the funds rate by 25bps on December 10 - Reuters poll
According to a Reuters poll on Thursday, the Federal Reserve (Fed) is widely expected to cut interest rates by 25 Basis points (BPS) to 3.50%-3.75% at its monetary policy meeting on December 10.
CentralBanks
Fed
InterestRate
CAD shrugs off renewed USMCA withdrawal threat – Scotiabank
CAD shrugs off renewed USMCA withdrawal threat – Scotiabank
The Canadian Dollar (CAD) shows only mild weakness after fresh headlines on a possible USMCA withdrawal, but persistent long-term trade uncertainty continues to cap gains.
USDCAD
Banks
Canada
BOC
USD softens as weak jobs data reinforce dovish Fed risks – Scotiabank
USD softens as weak jobs data reinforce dovish Fed risks – Scotiabank
The US Dollar (USD) remains under pressure as soft labor data and speculation about a more dovish Fed tilt weigh on sentiment, even as OIS markets resist pricing deeper cuts.
DollarIndex
Fed
Banks
Employment
Jobs survey from Revelio Labs sees 9K US job losses in November
Jobs survey from Revelio Labs sees 9K US job losses in November
With no non-farm payrolls report, that's the best we've got
Chicago Fed unemployment tracker 4.44% vs 4.46% prior
Chicago Fed unemployment tracker 4.44% vs 4.46% prior
The Chicago Fed tried to adjust without non-farm payrolls
US: Initial Jobless Claims dropped to 191K last week
US: Initial Jobless Claims dropped to 191K last week
The number of US citizens submitting new applications for unemployment insurance went down to 191K for the week ending November 29, according to a report from the US Department of Labour (DOL) released on Thursday.
Employment
UnitedStates
EconomicIndicator
Broker Rebates