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Forex Today: Markets warm up for US inflation data
The Greenback added to recent gains and rose to fresh cycle highs backed by investors’ repricing of fewer (if any at all) interest rate cuts by the Federal Reserve this year.
DollarIndex
CPI
Inflation
EURUSD
Currencies
Goldman Sachs expects more stimulus from China to counter Trump tariffs
Chief economist Hatzius remarks
CNY
China Stock Market
China
CNH
Bank of England Deputy Governor Breeden speaking on Tuesday, January 14, 2025
Topic is financial stability
BOE
US Dollar continues climbing ahead of CPI
The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, sees gains for a fifth straight session on Monday against nearly every major G20 peer.
DollarIndex
SEO
Currencies
ECB plans to exit restrictive monetary policy by midsummer says Ollie Rehn
Finland's central bank chief and European Central Bank Governing Council member
ECB
Dow Jones Industrial Average climbs despite tech sellof
The Dow Jones Industrial Average (DJIA) avoided most of Monday’s broad-market declines as investors reaffirmed their bullish outlook on the long-run tech sector rally.
DowJones
Equities
SEO
Fed
BOJ's Himino says rates will rise, but need to watch carefully for risks
Yen weakening on Himino's speech
BOJ
JPY
PBOC sets USD/ CNY central rate at 7.1878 (vs. estimate at 7.3161)
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
Bank of Korea expected to cut base interest rate by 25 basis points to 2.75% on January 16
Bank of Korea interest rate cut preview
KRW
ICYMI - Six EU countries call for lowering of G7 price cap on Russian oil
They say that the well-supplied global oil market minimizes the risk of market disruption from a reduced price cap.
Oil
PBOC is expected to set the USD/CNY reference rate at 7.3161 – Reuters estimate
PBOC CNY reference rate setting for the trading session ahead will likely be on 7.18 big figure.
CNY
China Stock Market
China
CNH
pboc
Initial indications are the USD/CNY reference rate fix will dip a little today
The 'gradual tariff' story has sapped some strength from the US dollar
CNY
China Stock Market
China
CNH
pboc
Japanese bank lending data for December 2024 +3.1% y/y (prior also +3.1%)
Japanese firms have made borrowing great again
JPY
US December CPI preview - forecasts from 17 investment bank economists
Wall Street Journal survey of economists
Bonds
SPX
USD
USD extends its losses - gradual tariff plan news the catalyst
Heading into Tokyo trade, Japanese marekts are back from a Monday holiday today
Bonds
Politics
SPX
USD
AUD/USD rises to near 0.6150 despite USD’s solid performance
The AUD/USD pair moves higher to near 0.6150 in Monday’s North American session.
AUDUSD
RBA
Fed
Inflation
Employment
USD/CAD ticks lower to near 1.4420 as BoC unlikely to continue reducing rates by 50 bps
The USD/CAD pair edges lower to near 1.440 in Monday’s North American session.
USDCAD
BOC
Fed
NFP
Inflation
US Dollar sets forth winning streak on Monday fueled by concerned traders
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, rallies for the fifth straight day and orbits at levels not seen since November 2022 while traders mull on their Fed policy rate outlook for 2025. The move comes
DollarIndex
Macroeconomics
UnitedStates
SEO
USD/JPY declines to near 157.30 despite USD Index refreshes two-year high
The USD/JPY pair slumps to near 157.30 in Monday’s European session.
USDJPY
Fed
BOJ
DollarIndex
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Monday, according to FXStreet data.
Silver
Commodities
Metals
WTI trims a part of strong gains to its highest level sine October, still well bid around $77.00
West Texas Intermediate (WTI) US Crude Oil prices build on Friday's strong move up and gain follow-through positive traction for the third straight day on Monday.
Oil
Commodities
RussianFederation
Fed
WTI
New York Fed: Year ahead inflation expectations unchanged at 3% in December
Survey details from the New York Federal Reserve bank
Fed
EUR/USD refreshes two-year low as traders pare Fed dovish bets
EUR/USD slides to a fresh over two-year low to near 1.0170 at the start of the week.
EURUSD
ECB
Fed
DollarIndex
SEO
Forex Today: King Dollar holds reins as the US inflation week unfolds
Here is what you need to know on Monday, January 13: Risk-off flows extended into Asian trading on Monday as investors digested Friday’s US labor market report, gearing up for the Consumer Price Index (CPI) data due later in the week.
DollarIndex
RiskAversion
Inflation
Currencies
China
USD/CHF gathers strength above 0.9150 on upbeat US NFP data, firmer US dollar
The USD/CHF pair gathers strength to near 0.9170 during the early European session on Monday, bolstered by the firmer US Dollar (USD).
USDCHF
Macroeconomics
Majors
Turkey Current Account Balance above expectations ($-3.1B) in November: Actual ($-2.871B)
Turkey Current Account Balance above expectations ($-3.1B) in November: Actual ($-2.871B)
Turkey
CurrentAccount
USDTRY
Silver Price Forecast: XAG/USD declines below $30.50 on slower US Fed rate cut buzz, firmer US Dollar
The Silver price (XAG/USD) attracts some sellers to near $30.20 during the early European session on Monday.
Silver
Commodities
XAGUSD
FX option expiries for Jan 13 NY cut
FX option expiries for Jan 13 NY cut at 10:00 Eastern Time via DTCC can be found below.
Options
Currencies
US Dollar Index surges to near 110.00 due to rising odds of Fed maintaining rates
The US Dollar Index (DXY), which tracks the US Dollar’s (USD) performance against six major currencies, reached 109.98, the highest level since November 2022, during the Asian hours on Monday.
DollarIndex
Fed
Macroeconomics
UnitedStates
EUR/USD tumbles to near 1.0200 on stronger US Dollar
The EUR/USD pair trades in negative territory for the fifth consecutive day around 1.0215 during the early Asian session on Monday.
EURUSD
Majors
Macroeconomics
Australian Dollar remains subdued as US Dollar rises due to hawkish tone surrounding Fed
The Australian Dollar (AUD) extends its losing streak for the fifth consecutive day against the US Dollar (USD) on Monday, trading around its lowest level since April 2020.
AUDUSD
SEO
Macroeconomics
Majors
Australia
NZD/USD sticks to modest gains above mid-0.5500s after China’s Trade Balance data
The NZD/USD pair kicks off the new week on a positive note and for now, seems to have snapped a four-day losing streak to its lowest level since October 2022 touched on Friday.
NZDUSD
China
TradeBalance
Fed
Currencies
China’s Trade Balance: Surplus widens in December as Exports jump
China's Trade Balance for December, in Chinese Yuan (CNY) terms, came in at CNY752.91 billion, expanding from the previous figure of CNY692.8 billion.
China
TradeBalance
EconomicIndicator
AUDUSD
USD/INR climbs on stronger US employment data, eyes on likely RBI intervention
The Indian Rupee (INR) recovers some lost ground on Monday after reaching a record low in the previous session.
USDINR
SEO
India
Macroeconomics
EmergingMarkets
Japanese Yen struggles to capitalize on intraday gains amid BoJ uncertainty, bullish USD
The Japanese Yen (JPY) ticks higher against its American counterpart for the third successive day on Monday and moves away from a multi-month low touched last week.
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