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USD firmer, poised to resume gains - Scotiabank
Steadier sentiment across risk assets prevails this morning, allowing gains in global stocks and a broader rebound in the US Dollar (USD) after a few days of mild losses, Scotiabank's Chief FX Strategist Shaun Osborne notes.
US Dollar ticks up as markets brace for Nvidia earnings
The US Dollar (USD) recovers on Wednesday, with the DXY Index trading around 106.5, as market sentiment turns risk-on ahead of the Nvidia earnings release after the US closing bell.
Energy: Iran counters Russia-Ukraine geopolitical risk - ING
Despite an escalation in the Russia-Ukraine war, there has been limited impact on oil prices.
Further NOK-rally will prove temporary - Danske Bank
The growth story in Norway remains that of 'muddling through'.
EUR/CAD remains vulnerable near 1.4750 despite higher Eurozone Q3 Negotiated Wages Rate
The EUR/CAD pair stays under pressure near the intraday low of 1.4750 in the European trading session on Wednesday even though Eurozone Negotiated Wages Rate data accelerated in the third quarter of the year.
Mexican Peso trades mixed as markets absorb heightened geopolitical risk
The Mexican Peso (MXN) whipsaws between tepid gains and losses in its key pairs - USD/MXN, EUR/MXN and GBP/MXN - during the European session on Wednesday.
Potential SEK-strengthening near-term - Danske Bank
Swedish macro has disappointed recently, and the long-awaited cyclical rebound has yet to materialize.
EUR/USD: USD to trade stronger over the next year - Danske Bank
Recent US macro data suggests that the Fed can gradually normalize monetary policy toward a more neutral stance.
ECB: Euro area's negotiated wages rise by 5.42% YoY in Q3 2024 vs. 3.53% in Q2
On Wednesday, the European Central Bank (ECB) released its indicator of the Euro area's negotiated wages data for the third quarter of 2024.
CAD: Slightly higher inflation, but no cause for concern - Commerzbank
Canadian inflation figures for October, published yesterday, were slightly higher than expected.
USD/JPY: Pullback can extend to 153.20 - UOB Group
Pullback in the US Dollar (USD) could extend to 153.20, UOB Group's FX analysts Quek Ser Leang and Lee Sue Ann note.
Markets are waiting for next (geo-)political events - Commerzbank
In the end, EUR/USD was virtually unchanged. At one point, the euro was down 0.7% against the USD.
Silver Price Forecast: XAG/USD slumps below $31 as safe-haven demand fades
Silver price (XAG/USD) extends its correction below $31.00 in European trading hours on Wednesday after facing selling pressure near $31.50 on Tuesday.
Fed policymakers speak on outlook after Chairman Powell sets the tone
Federal Reserve (Fed) Chairman Jerome Powell said in prepared remarks delivered at a Dallas event on November 14 that they don't need to be in a hurry to lower interest rates, citing ongoing economic growth, a solid job market and inflation that remains above the 2% target.
ECB Financial Stability Review: Economic growth remains fragile
In its semi-annual Financial Stability Review published on Wednesday, the European Central Bank (ECB) warned that "economic growth remains fragile." Additional takeaways Concerns about the global trade outlook add to geopolitical and policy uncertainty.
NZD/USD: Unlikely to reach 0.5960 for now - UOB Group
Upward momentum is building, albeit tentatively. The New Zealand Dollar (NZD) is likely to edge higher, but is unlikely to reach 0.5960 for now.
USD/CAD Price Forecast: Finds initial support at 14-day EMA near 1.3950
The USD/CAD pair holds ground after two days of losses, trading around 1.3970 during the European hours on Wednesday.
EUR/USD struggles as ECB officials shift focus to revive economic growth
EUR/USD continues to face pressure near 1.0600 in Wednesday's European session, struggling to extend recovery since Friday.
AUD/USD retreats from one-week top on renewed USD buying, holds above 0.6500
The AUD/USD pair retreats from the vicinity of mid-0.6500s, or a one-week high touched earlier this Wednesday and extends its steady intraday descent through the first half of the European session.
HUF: Hawkishness with cracks - ING
As expected, yesterday's National Bank of Hungary meeting did not bring any changes.
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