The BoC is widely expected to cut by 25 bps bringing their policy rate to 2.25%. Will the central bank signal an end to the easing cycle or keep the market guessing on another cut?
Strong momentum suggests US Dollar (USD) could drop further to 151.30; it remains to be seen if 151.00 will come into view. In the longer run, USD could weaken, but any decline is likely part of a lower range of 151.00/152.70, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The Fed is widely expected to cut interest rates by 25 bps bringing the policy rate to 3.75-4.00% and announce an end to QT. The base case is for the central bank to keep the status quo, but there's a small chance we could get a hawkish surprise
Australian Dollar (AUD) could continue to strengthen but is unlikely to be able to break above 0.6630 today. In the longer run, the price action continues to suggest AUD strength; the next level to watch is 0.6630, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/CAD trades below its 200-day moving average as markets await the Bank of Canada’s rate decision. A widely expected 25bps cut to 2.25% is unlikely to mark the start of an aggressive easing cycle, with fiscal support and firm inflation arguing against deeper cuts, BBH FX analysts report.
The New Zealand Dollar’s recovery against the US Dollar stalled just below 0.5800 on Wednesday. The pair maintains a near-term positive trend intact so far, but the resistance area in the vicinity of 0.5800 is likely to pose a significant challenge for bulls.
USD/CNY continued to trade with a heavy bias, guided lower by PBOC fix – now under 7.09. USD/CNH was last at 7.0998, OCBC's FX analysts Frances Cheung and Christopher Wong note.
This afternoon, the Bank of Canada will begin this week's series of four G10 central bank meetings. Just under two weeks ago, the market began to anticipate another rate cut of 25 basis points, and is now consistently factoring this in with an estimated probability of around 80%.
Australian Dollar (AUD) extended its run-up, helped by a firmer AU CPI print for 3Q while prospects of better US-China relations, firmer RMB and pro-risk appetite remain supportive of AUD. Pair was last at 0.66 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
When the Fed delivered a well-telegraphed 25bp cut in September, the US Dollar (USD) rallied. Back then, USD positioning was heavily short, and some hawkishly perceived comments by Powell exacerbated the correction, ING's FX analyst Francesco Pesole notes.
USD/JPY continued to trade lower on comments from MoF officials that they are watching JPY closely and on comments from US Treasury Secretary Scott Bessent. Pair was last at 152.27 levels.
In September, the Reserve Bank of Australia left interest rates unchanged but hinted that it wanted to cut them further. Although it was prepared for inflation to rise slightly again over the coming months, the central bank did not appear particularly concerned.
USD/CAD extends its losses for the third successive session, trading around 1.3930 during the early European hours on Wednesday. The short-term price momentum is weaker as the pair is falling below the nine-day Exponential Moving Average (EMA).
Silver (XAG/USD) is trading with a positive bias during the Asian session on Wednesday and looking to build on the overnight bounce from the vicinity of mid-$45.00s, or the lowest level since September 25.
The Fed is expected to cut rates by 25 bps today, with Chair Powell likely to remain cautious and avoid new guidance. Divisions persist inside the FOMC as some officials warn about sticky inflation while others point to rising labour-market risks.
Iratkozzon fel erre a beszélgetésreÉrtesítést kérek, ha valaki hozzászól ehhez a beszélgetéshezAz értesítések az oldalon jelennek meg, vagy e-mail-ben kerülnek küldésre. Kérjük, adja meg, hogy milyen gyakorisággal szeretne e-mailes értesítéseket kapni ehhez a feliratkozáshozE-mail gyakoriság:
Feliratkozás
| Vélemény írása
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.
Ossza meg véleményét!
Reméljük, hogy hasznosnak találja a szolgáltatásunkat, és szeretnénk hallani a tapasztalatairól!
A vélemény írásához kattintson az alábbi linkek egyikére: