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NZD/USD: Downward bias towards 0.5900 - UOB Group
The New Zealand Dollar (NZD) is likely to trade with a downward bias towards 0.5900; a sustained break below this level is unlikely.
GBP: Eyes on Mann today - ING
The main event in sterling markets today is a speech by Bank of England's Catherine Mann, the most hawkish member of the MPC, UOB Group's FX analysts Quek Ser Leang and Lee Sue Ann note.
AUD/USD: Set to test 0.6500 near term - UOB Group
The Australian Dollar (AUD) is under mild downward pressure; it could drift lower, but a sustained break below 0.6500 appears unlikely.
EUR: 1.06 is in line with rate gap - ING
EUR/USD has remained under intense pressure from a broad USD rally and may well make a move below 1.06 today if the US core CPI comes in at 0.3% MoM, ING's FX analyst Francesco Pesole notes.
EUR/JPY Price Analysis: Bulls need to wait for strength above 200-day SMA, around 165.00
The EUR/JPY cross builds on the overnight bounce from the vicinity of the 163.25-163.20 horizontal support, or the weekly low and gains some follow-through traction on Wednesday.
GBP/USD: Downward momentum has surged - UOB Group
The Pound Sterling (GBP) is expected to continue to decline, but it remains to be seen if the major support at 1.2665 is within reach today.
Mexican Peso stabilizes after run of US-inspired weakness
The Mexican Peso (MXN) stabilizes on Wednesday after a three-day run of weakness spurred by a mixture of investor fears about the impact of President-elect Donald Trump's trade and immigration agenda on Mexico, a generally risk-off tone to markets outside of the United States (US) (which tends to impact the risk-sensitive Peso disproportionately), and expectations that the Bank of Mexico (Banxico) will cut its main interest rate by 25 basis points (bps) (0.25%) at its up-and-coming meeting on Thursday.
USD: Inflation may stay too hot - ING
The second round of post-election Trump trades has now taken the Dollar Index (DXY) to the 2022 highs as markets sink their teeth into the dual narrative of a wider rate and growth gap between the US and other developed countries.
EUR/USD: EUR can decline further to 1.0585 before stabilisation - UOB Group
Barring a break above 1.0660, EUR could decline further to 1.0585 before stabilisation can be expected.
AUD/JPY rises above 101.00 due to growing doubts over future BoJ rate hikes
AUD/JPY extends its gains for the third successive day, trading around 101.20 during European hours on Wednesday.
Pound Sterling trades near fresh three-month low against US Dollar ahead of inflation data
The Pound Sterling (GBP) consolidates in a tight range near a fresh three-month low around 1.2750 against the US Dollar (USD) in Wednesday's London session.
NZD/USD Price Forecast: Remains below 0.5950, resistance appears at nine-day EMA
The NZD/USD pair holds ground after registering losses in the previous session, trading around 0.5920 during European hours on Wednesday.
ECB's Villeroy: Expect more rate cuts
European Central Bank (ECB) Governing Council member and Bank of France President François Villeroy de Galhau shed light on the central bank's policy move on Wednesday.
USD/CAD appreciates to near 1.3950 as traders adopt caution ahead of US CPI figures
USD/CAD moves upwards for the fourth successive session, trading around 1.3960 during the early European hours on Wednesday.
USD/CHF extends the rally above 0.8800, US CPI data looms
The USD/CHF pair trades in positive territory for the fourth consecutive day around 0.8830 during the early European session on Wednesday.
Forex Today: US CPI inflation data and Fedspeak set to stir markets
Here is what you need to know on Wednesday, November 13: The Trump trades-inspired broader market rally takes a breather early Wednesday as the focus shifts back toward the economic data, anticipating the all-important US Consumer Price Index (CPI) report slated for release in American trading.
EUR/AUD Price Forecast: The cross keeps the bearish vibe near 1.6250
The EUR/AUD cross struggles to gain ground around 1.6250 on Wednesday during the early European session.
FX option expiries for Nov 13 NY cut
FX option expiries for Nov 13 NY cut at 10:00 Eastern Time via DTCC can be found below.
GBP/JPY trades with positive bias above 197.00 mark, lacks bullish conviction
The GBP/JPY cross attracts some dip-buying in the vicinity of the weekly low, around the 196.85-196.80 region, and reverses a part of the previous day's losses.
EUR/USD drops to near 1.0600, awaits US inflation data
The EUR/USD pair remains under pressure on Wednesday, holding steady just above the 1.0600 level during Asian trading hours.
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