Forex News
Iran says Strait of Hormuz will remain closed until leader of the revolution orders
Iran says Strait of Hormuz will remain closed until leader of the revolution orders
Iranian Armed Forces Deputy Chief of Staff Brigadier General Kioumars Heidari said that Tehran has closed the Strait of Hormuz and will not open it except by the order of the leader of the revolution, Al Jazeera reported on Wednesday.
Iran
MiddleEast
SaudiArabia
Macroeconomics
Oil
US Dollar: Supportive fundamentals offset deficit worries – Rabobank
US Dollar: Supportive fundamentals offset deficit worries – Rabobank
Rabobank’s FX Strategy team argues that reduced fears of political interference at the Federal Reserve and evidence of renewed safe-haven demand support the Dollar. The bank notes that concerns over the US budget deficit and treasury market stresses could weigh on the Dollar over the medium term, but concludes that last year’s Dollar debasement fears were exaggerated.
DollarIndex
Fed
EURUSD
BoE’s Greene says it is appropriate to proactively tighten our monetary policy stance
BoE’s Greene says it is appropriate to proactively tighten our monetary policy stance
Bank of England's (BoE) Monetary Policy Committee (MPC) member, Megan Greene, said on Wednesday that it was appropriate to "proactively tighten ‌our monetary policy stance" to ward against the risk of wage growth getting stuck at higher levels and firms passing those costs on.
BOE
CentralBanks
Macroeconomics
GBPUSD
UnitedKingdom
Gold falls below $4,000 as Fed rate hike bets grow
Gold falls below $4,000 as Fed rate hike bets grow
Gold price (XAU/USD) tumbles to near $3,985 during the early Asian session on Thursday. The precious metal extends its downside as persistent inflation forces the US Federal Reserve (Fed) to maintain its tightening policy.
Gold
XAUUSD
Commodities
Macroeconomics
Fed
Australian Dollar dips under 0.6850 as Fed-RBA policy divergence widens
Australian Dollar dips under 0.6850 as Fed-RBA policy divergence widens
The Australian Dollar lost 0.27% against the US Dollar on Wednesday as market participants priced in further Federal Reserve tightening, amid a light economic docket in Australia and the US. The AUD/USD trades below 0.6850.
AUDUSD
Currencies
Majors
Yen slides toward 160.00 with Fed speakers and US PPI ahead
Yen slides toward 160.00 with Fed speakers and US PPI ahead
The 160.00 level is within reach of USD/JPY for the first time since early September, with Fed speakers and US producer prices still to come before the weekend. USD/JPY has left the range it held for seven weeks and reached just under 160.00, its highest since September 2.
USDJPY
Currencies
UK growth figures are next for a Pound at a three-week low
UK growth figures are next for a Pound at a three-week low
Third-quarter Gross Domestic Product (GDP) on Thursday is forecast to show the UK economy growing faster, and GBP/USD goes into it at its lowest since mid-October.
GBPUSD
Currencies
AI stocks rebound and carry the NASDAQ 100 to a one-week high
AI stocks rebound and carry the NASDAQ 100 to a one-week high
The more artificial intelligence (AI) a US index holds, the more of the fall that began on November 5 it has now recovered. The NASDAQ 100 touched just under 28,600, above where it started that session, and is trading near 28,400.
Nasdaq
Equities
Futures
Mexican Peso defies Fed hike bets as Banxico signals longer pause
Mexican Peso defies Fed hike bets as Banxico signals longer pause
The Mexican Peso (MXN) recovered some ground against the US Dollar (USD) on Wednesday after losing 0.45% in the previous week, following a US inflation report that was higher than expected, which increased the odds of further Federal Reserve (Fed) tightening.
USDMXN
Mexico
Banxico
Inflation
GBP/JPY Price Forecast: Bullish harami tests 213.00 resistance
GBP/JPY Price Forecast: Bullish harami tests 213.00 resistance
GBP/JPY trades choppily despite posting gains of 0.17% on Wednesday, with price action remaining within Tuesday’s daily range of 211.44-212.65, suggesting a potential ‘bullish harami’ or inside-day pattern forming near a key resistance area.
GBPJPY
Currencies
Crosses
Technical Analysis
Bullish
EUR/USD Price Forecast: Break below 1.1100 puts 1.1000 in focus
EUR/USD Price Forecast: Break below 1.1100 puts 1.1000 in focus
The EUR/USD pair extends its losses below 1.1100 on Wednesday as traders digest the Federal Reserve's (Fed) hawkish comments, which have increased the odds of a rate hike. At the time of writing, the pair trades at 1.1092, its lowest level since May 2025.
EURUSD
Currencies
Majors
Technical Analysis
Gold drifts below $4,000 as high US yields fuel December Fed hike odds
Gold drifts below $4,000 as high US yields fuel December Fed hike odds
Gold (XAU/USD) price extends losses for the second straight day on Wednesday as traders fully price in a rate hike by the Federal Reserve (Fed) following a hotter-than-expected US inflation report and hawkish comments by Fed policymakers. At the time of writing, XAU/USD trades at $3,999, down 0.70%.
Gold
XAUUSD
Metals
Inflation
SEO
Forex Today: Attention shifts to UK hard data and Fedspeak
Forex Today: Attention shifts to UK hard data and Fedspeak
The US Dollar (USD) has pushed harder, reaching levels last seen in April 2025 on the back of persistent bets over another interest rate hike by the Federal Reserve at its December gathering.
EURUSD
UnitedKingdom
Employment
DollarIndex
Currencies
Swiss Franc slides nearly 1% as US Dollar hits fresh yearly high
Swiss Franc slides nearly 1% as US Dollar hits fresh yearly high
USD/CHF climbs nearly 1% on Wednesday, reaching a four-week high as the US Dollar (USD) strengthens across the board following a sharp shift in Federal Reserve (Fed) interest rate expectations. At the time of writing, the pair trades around 0.8335, extending gains for the second straight day.
USDCHF
Fed
DollarIndex
Inflation
SNB
US Dollar Index Price Forecast: DXY hits yearly high after bullish flag breakout
US Dollar Index Price Forecast: DXY hits yearly high after bullish flag breakout
The US Dollar Index (DXY) rises for a second straight day on Wednesday, hitting a fresh year-to-date high as hotter-than-expected US consumer inflation and calls from Federal Reserve (Fed) officials for further tightening fuel bets on more aggressive rate hikes.
DollarIndex
Fed
Inflation
Technical Analysis
Momentum Bullish
New Zealand Dollar takes a hit as Fed hawks regain control
New Zealand Dollar takes a hit as Fed hawks regain control
NZD/USD comes under renewed selling pressure on Wednesday, falling 0.68% on the day to trade around 0.5565 at the time of writing.
NZDUSD
Silver defies rising US yields, climbs above $52 despite Fed rate-hike bets
Silver defies rising US yields, climbs above $52 despite Fed rate-hike bets
Silver (XAG/USD) advances on Wednesday, gaining 1.60% to trade around $52.35 at the time of writing.
Silver
XAGUSD
Metals
Commodities
British Pound tumbles below 1.33 post hot US CPI, Fed hawkish rhetoric
British Pound tumbles below 1.33 post hot US CPI, Fed hawkish rhetoric
The Pound Sterling (GBP) drops against the US Dollar (USD) on Wednesday as traders digest hawkish comments from Federal Reserve (Fed) officials and Tuesday's hot US inflation report. At the time of writing, GBP/USD trades below the 1.3300 psychological figure, down 0.55%.
GBPUSD
Currencies
Majors
Australian Dollar slips toward March lows as Fed and RBA outlooks diverge
Australian Dollar slips toward March lows as Fed and RBA outlooks diverge
AUD/USD remains on the back foot on Wednesday, hovering near levels last seen in March. The Australian Dollar (AUD) loses ground as expectations grow that the Federal Reserve (Fed) and the Reserve Bank of Australia (RBA) could take different monetary policy paths in the coming months.
AUDUSD
Fed
RBA
DollarIndex
Inflation
Japanese Yen tumbles to ten-week low as USD/JPY breaks above 159.00
Japanese Yen tumbles to ten-week low as USD/JPY breaks above 159.00
USD/JPY extends its bullish momentum on Wednesday, climbing 0.54% to around 159.65 at the time of writing, its highest level in ten weeks.
USDJPY
US Dollar: Supportive fundamentals offset deficit worries – Rabobank
US Dollar: Supportive fundamentals offset deficit worries – Rabobank
Rabobank’s FX Strategy team argues that reduced fears of political interference at the Federal Reserve (Fed) and evidence of renewed safe-haven demand support the US Dollar (USD).
DollarIndex
Banks
Macroeconomics
Fed
Euro falls to two-week low amid expectations of aggressive Fed rate hikes
Euro falls to two-week low amid expectations of aggressive Fed rate hikes
EUR/USD extends losses for the second straight day, slipping to a two-week low during Wednesday's American trading hours.
EURUSD
Fed
ECB
Inflation
DollarIndex
UK inflation to move higher in October – Deutsche Bank
UK inflation to move higher in October – Deutsche Bank
Deutsche Bank economists Sanjay Raja and Maui Brennan expect UK inflation to move higher in October, driven by energy, tobacco and modest food and services gains. They forecast headline CPI at 3.80% year-on-year, with Core CPI and Services CPI also rising.
Inflation
UnitedKingdom
Banks
US Dollar: US data keep support in place – Societe Generale
US Dollar: US data keep support in place – Societe Generale
Societe Generale’s Kit Juckes argues that despite potential future US fiscal tightening and greater AI regulation, current data show a resilient US economy. Core CPI has risen steadily, with headline CPI up 1% over two months, alongside strong payrolls, retail sales and GDP.
DollarIndex
UnitedStates
Macroeconomics
Banks
1.4230: Canadian Dollar hits four-week lows as Fed tightening bets boost the Greenback
1.4230: Canadian Dollar hits four-week lows as Fed tightening bets boost the Greenback
The Canadian Dollar (CAD) has resumed its downtrend, with the US Dollar (USD) rallying across the board on Wednesday as investors ramp up hopes of Federal Reserve (Fed) tightening in December.
USDCAD
Employment
Fed
BOC
Currencies
Why are strategists betting on Japanese Yen strength even as it slides toward 160.00?
Why are strategists betting on Japanese Yen strength even as it slides toward 160.00?
The Japanese Yen (JPY) is showing signs of a medium-term structural turnaround as market focus shifts toward Bank of Japan (BoJ) policy normalization, domestic economic resilience, and heightened currency intervention risks near the 160.00 threshold.
USDJPY
Majors
Banks
Currencies
GDiscover
Japanese Yen weakens toward 160 as US inflation bolsters Fed hike bets
Japanese Yen weakens toward 160 as US inflation bolsters Fed hike bets
USD/JPY edges higher on Wednesday, extending gains for the second straight day as expectations of a more hawkish Federal Reserve (Fed) outlook renew bullish momentum in the US Dollar (USD).
USDJPY
Fed
BOJ
Inflation
DollarIndex
WTI Oil steadies above $85 as hopes of Middle East peace agreement fades
WTI Oil steadies above $85 as hopes of Middle East peace agreement fades
Oil prices picked up from two-month lows on Wednesday as investors start to worry about the lack of progress in negotiations to reach a peace deal in the Middle East.
Oil
Commodities
Iran
EUR/USD: Range persists as Dollar outperforms – Societe Generale
EUR/USD: Range persists as Dollar outperforms – Societe Generale
Societe Generale’s Kit Juckes notes that EUR/USD ‘fair value’ is near 1.1150 after the latest US CPI-driven rates move, leaving the pair stuck in a range. He stresses that the US economy continues to outperform and keeps a year-end EUR/USD target of 1.10. Upcoming US PPI data may draw extra focus following CPI.
EURUSD
Banks
United States Dollar Index extends rally as Fed’s 50 bps rate hike prospects heat up
United States Dollar Index extends rally as Fed’s 50 bps rate hike prospects heat up
The US Dollar (USD) outperforms its major currency peers on Wednesday, as financial markets have started anticipating a bigger Federal Reserve (Fed) interest rate hike at the December policy meeting.
DollarIndex
Fed
InterestRate
Inflation
Breakouts
US Dollar: Rate hike repricing boosts upside risks – MUFG
US Dollar: Rate hike repricing boosts upside risks – MUFG
MUFG’s Derek Halpenny notes that a sharp rise in the 2-year UST yield, driven by stronger US CPI and hawkish comments from Fed Governor Waller, has revived speculation of a 50bp FOMC hike.
DollarIndex
Fed
Banks
EURUSD
US Treasuries: CPI shock fuels yield surge – Deutsche Bank
US Treasuries: CPI shock fuels yield surge – Deutsche Bank
Deutsche Bank strategists explain that an upside surprise in US core and headline CPI, combined with hawkish comments from Fed officials, triggered a sharp selloff in US Treasuries. Two-year yields saw their biggest daily jump since 2025, while 10-year yields approached 5%. Market pricing now reflects a more extended and aggressive Fed hiking cycle into 2027.
Inflation
Bonds
UnitedStates
Banks
Gold Price Forecast: XAU/USD rallies remain limited with bulls capped below $4,050
Gold Price Forecast: XAU/USD rallies remain limited with bulls capped below $4,050
Gold (XAU/USD) is showing a shallow recovery attempt on Wednesday, with bulls struggling to consolidate above $4.050 during the European session, leaving bears in control after the impulsive reversal from the $4,150 resistance area on Tuesday.
XAUUSD
Gold
Commodities
Fed
Oil
Gold struggles below $4,050 as Fed rate-hike bets boost US Dollar
Gold struggles below $4,050 as Fed rate-hike bets boost US Dollar
Gold (XAU/USD) reverses its earlier gains on Wednesday as a broadly stronger US Dollar (USD) weighs on the precious metal.
Gold
Fed
Inflation
DollarIndex
InterestRate
EUR/USD Price Forecast: Rising US Dollar backs fresh downside leg below 1.1100
EUR/USD Price Forecast: Rising US Dollar backs fresh downside leg below 1.1100
The Euro (EUR) is down 0.2% to near 1.1138 against the US Dollar (USD) during the European trading session on Wednesday.
EURUSD
ECB
Fed
InterestRate
Inflation
Australian Dollar seen vulnerable after weak data – Societe Generale
Australian Dollar seen vulnerable after weak data – Societe Generale
Kit Juckes at Societe Generale highlights that rising global bond yields are pressuring leveraged housing markets such as Australia. Recent NAB business confidence and home loans data were notably weak.
AUDUSD
Majors
Banks
USD/JPY: Strong Dollar tests key resistance – ING
USD/JPY: Strong Dollar tests key resistance – ING
ING’s Chris Turner reports improving Japanese manufacturing sentiment, supported by semiconductor and data centre demand, strong corporate profits and firm wages. This backdrop could reinforce Bank of Japan (BoJ) confidence that inflation is stable near 2%.
USDJPY
Banks
Majors
BOJ
S&P 500: Higher yields weigh on equities – Deutsche Bank
S&P 500: Higher yields weigh on equities – Deutsche Bank
Deutsche Bank analysts report that the strong US CPI data and hawkish Fed commentary sparked a selloff in US Treasuries and pressured US equities. The S&P 500 slipped as investors priced faster hikes, with Tech and AI-linked names underperforming initially. However, a revenue beat and upgraded guidance from CoreWeave later supported futures, pointing to some recovery in the S&P 500.
Equities
Banks
Inflation
UnitedStates
US Dollar: Hot CPI supports stronger rate hike odds – BBH
US Dollar: Hot CPI supports stronger rate hike odds – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes that a hotter-than-expected US October CPI report boosted the Dollar, triggered a sell-off in Treasuries led by the short end, and weighed on US stocks.
Inflation
DollarIndex
Banks
Fed
China: De-dollarisation focus and US asset exposure – DBS
China: De-dollarisation focus and US asset exposure – DBS
DBS Group Research, led by FX & Credit Strategist Chang Wei Liang, examines China’s evolving holdings of US securities over the past decade. The study looks for evidence of de-dollarisation, highlighting substantial Chinese net outflows from US equities and bonds and assessing how geopolitical tensions and sanctions risk are influencing China’s portfolio allocation decisions.
China
UnitedStates
DollarIndex
Banks
Broker Rebates