Aussie Weakens on Soft GDP, Markets Steady Despite South Korean Political Turmoil
Posted 4 December 2024Australian Dollar faced broad declines in Asian trading following Q3 GDP data that fell short of expectations, marking a continued slowdown in the economy. Despite the weakness, the data isn’t severe enough to prompt an immediate policy response from RBA, either this month or in February. The central bank’s decision-making remains anchored on progress in […]
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Swiss Franc Rises on Inflation Stabilization, Aussie Eyes GDP Data
Posted 3 December 2024Swiss Franc strengthened broadly after inflation data for November indicated a modest uptick, stabilizing after months of decline. Although the annual CPI reading missed market expectations, the stabilization reduces immediate pressure on SNB to implement a significant 50bps rate cut at its upcoming policy meeting this month. However, uncertainty still lingers as SNB faces the […]
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Greenback Holds Firm in Subdued Trading Despite Growing Expectations of December Fed Cut
Posted 3 December 2024Trading in the forex markets were subdued in the Asian session. Low activity is expected to persist for the rest of the day due to a light economic calendar. Dollar remains resilient, supported by expectations that the incoming US administration will favor a strong currency. While the sharp drop in US Treasury yields has put […]
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