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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.
USD/CNH: Unlikely to reach the strong support at 7.2000 - UOB Group
The US Dollar (USD) could weaken further; any decline is unlikely to reach the strong support at 7.2000.
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.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data.
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.
AUD/USD: Expected to rise further to 0.6560 - UOB Group
There has been a slight increase in momentum; the Australian Dollar (AUD) is expected to rise further to 0.6560.
GBP: Inflation data confirms December cut unlikely - ING
GBP/USD has broken past the 1.270 level this morning after a slightly hotter-than-expected UK CPI print for October, ING's FX analyst Francesco Pesole notes.
GBP/USD: Likely to trade between 1.2630 and 1.2710 - UOB Group
Price action still appears to be part of a range trading phase; the Pound Sterling (GBP) is likely to trade between 1.2630 and 1.2710.
EUR: Wage data due today - ING
ECB member Fabio Panetta made headlines yesterday with some dovish remarks.
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