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US Commerce Secretary Lutnick: Semiconductor tariffs are not part of the US-South Korea deal
US Commerce Secretary Howard Lutnick was out with some trade-related comments in the last hour, saying that semiconductor tariffs are not part of the U.S.-South Korea deal. Lutnick also announces South Korea $200M investment in Alaska's natural gas project.

China's Premier Li: Need to expand domestic demand, deepen supply-side reforms
China's Premier Li Qiang stressed the need to balance development with security, strengthen risk-prevention mechanisms, and safeguard long-term growth through policy preparedness and systemic stability.

GBP/USD resumes bearish ways as Fed rate cut bolsters Greenback
GBP/USD fell steeply during Wednesday's American market session, extending a decline through the 200-day Exponential Moving Average (EMA) and pushing Cable positioning even further into bear country.

Aussie slips as Fed's "hawkish cut" dashes December dovish hopes
The Australian Dollar dropped on Wednesday after the US Federal Reserve cut rates by 25 basis points but signaled that the December's meeting remains open, after Powell said that a cut is far from a done deal. The AUD/USD trades at 0.6569, down 0.25%.

Bank of Japan expected to stand pat on interest rates, awaiting PM Takaichi's moves
The Bank of Japan (BoJ) meets on Thursday and is expected to keep its benchmark interest rate unchanged at 0.5%, awaiting the first moves of Prime Minister Sanae Takaichi's new cabinet.

EUR/USD tumbles as Powell delivers 'hawkish cut,' dials back December easing bets
EUR/USD slid on Wednesday over 0.43% as the Federal Reserve delivered a "hawkish cut" after Fed Chair Jerome Powell said that "rate cut in December is far from foregone conclusion." At the time of writing, the pair trades near weekly lows of 1.1601 with traders eyeing monthly lows of 1.1542.

FX Today: A steady hand is anticipated from the BoJ and the ECB
The US Dollar (USD) sharply reversed its recent weakness as market participants assessed the widely anticipated rate reduction by the Federal Reserve, while hopes of a US-China trade deal continued to do the rounds in the background.

EUR/USD slides as Fed delivers rate cut, signals end of QT
EUR/USD seesawed within the 1.1650-1.1635 range on Wednesday as the Federal Reserve cut rates by 25 basis points as expected, yet there were two dissenters at the meeting. At the time of writing, the pair trades volatile, as traders await the Fed Chair Jerome Powell press conference.

GBP/USD dips following Fed rate cut and QE drawdown confirmation
GBP/USD faced a fresh bout of downside on the intraday level, churning after the Federal Reserve (Fed) delivered a widely anticipated 25 basis point interest rate cut on Wednesday.

US Dollar Index roils after Fed delivers expected interest rate moves
The US Dollar Index (DXY) churned after the Federal Reserve (Fed) delivered a widely-anticipated 25 basis point interest rate cut on Wednesday.

GBP/CAD tumbles to August lows as BoC signals end of easing cycle
The British Pound (GBP) continues to lose ground against the Canadian Dollar (CAD) on Wednesday as traders react to the Bank of Canada's (BoC) "hawkish cut." At the time of writing, GBP/CAD trades around 1.8381, hovering near its lowest level since early August and extending losses for the ninth str

EUR/CAD declines as BoC signals end to rate cuts amid tariff concerns
EUR/CAD moves lower around 1.6180 on Wednesday, down 0.40% for the day at the time of writing, as the Canadian Dollar (CAD) strengthens following the latest monetary policy decision by the Bank of Canada (BoC).

USD/CAD falls to one-month low as BoC delivers "hawkish cut"
The Canadian Dollar (CAD) strengthened against the US Dollar (USD) on Wednesday, with USD/CAD falling to around 1.3893, its weakest level since September 25.

GBP/USD dips under 200-day SMA as UK data and BoE rate cut odds weigh
GBP/USD drops more than 0.35% on Wednesday, below the 1.3250 mark as Bank of England rate cut expectations for the November meeting, rose while traders wait for the Federal Reserve monetary policy decision.

AUD/USD pares gains ahead of Fed decision, Trump-Xi meeting
AUD/USD trades around 0.6600 on Wednesday, up 0.30% on the day at the time of writing, after hitting a daily high at 0.6617 earlier in the day, but the Aussie remains capped below 0.6630, a ceiling that has contained the pair since mid-September.

JPY softens on broader tone ahead of BoJ - Scotiabank
The Japanese Yen (JPY) is entering Wednesday's NA session with a marginal 0.1% decline against the US Dollar (USD) as it underperforms most of the G10 currencies along with its haven peer Swiss Franc (CHF), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

GBP weak and underperforming - Scotiabank
The Pound Sterling (GBP) is weak, down 0.4% against the US Dollar (USD) and underperforming all of the G10 currencies with a break of its mid-October low and a push to levels last (briefly) seen in early August, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

EUR steady into Fed/ECB as spread correlations strengthen - Scotiabank
The Euro (EUR) is entering Wednesday's NA session roughly flat against the US Dollar (USD) as it recovers from minor overnight losses and finds renewed support on the back of broader trade-related sentiment, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

USD firmer but off highs ahead of Fed decision - Scotiabank
The US Dollar (USD) is running into today's Fed decision slightly firmer but off its best levels as the DXY remains capped around the 99 level, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

GBP/JPY under pressure near 200.00 as double-top pattern signals downside risk
The British Pound (GBP) extends its decline against the Japanese Yen (JPY) on Wednesday, with the cross falling to around 200.68 -- its lowest level in two weeks -- as Sterling remains under broad pressure amid fiscal concerns and growing expectations of interest rate cuts in the United Kingdom (UK).
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