The Australian Dollar (AUD) moves upward on Wednesday on improved risk appetite while the US Dollar (USD) could show signs of weakness in the speculation on a dovish stance of the Federal Reserve (Fed) on interest rates.
Blogs
USD/CHF holds below 0.8550 on heightened risk aversion, SNB to adopt a proactive approach
USD/CHF pair is relatively quiet, hovering around 0.8540 during the early European hours on Wednesday.
USD/CNY: Yuan to enjoy a 5% appreciation against the Dollar in 2024 – MUFG
CNY depreciated by 3.6% year-to-date against the US Dollar.
USD/IDR: Forecast at 5,350 by 1Q2024 and 15,000 in 12 months – MUFG
USD/IDR continued to be buffeted by volatile and rising US rates in 2023.
Gold Price Forecast: XAU/USD remains above $2,060 in a low-volume market
Gold price hovers above $2,060 per troy ounce during the Asian session on Wednesday.
Forex Today: Choppy action continues amid thin holiday trading
Here is what you need to know on Wednesday, December 27: Following a long weekend, the US Dollar (USD) continued to weaken against its rivals on Tuesday.
Norway Retail Sales came in at 0.4%, above forecasts (0.3%) in November
Norway Retail Sales came in at 0.4%, above forecasts (0.3%) in November
USD/JPY Steady, BoJ Releases Summary of Opinions
<p><img width="555" height="311" src="https://www.actionforex.com/wp-content/uploads/2018/05/f-jpy51.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" /></p> <p>BoJ Summary of Opinion high
Brent Oil Price Reaches New December High
<p><img width="612" height="459" src="https://www.actionforex.com/wp-content/uploads/2020/03/f-oil78.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://www.actionforex.com/wp-content/uploads/2020/03/f-oil78.jpg 612
NZDUSD Clocks Fresh 5-Month High; Looks Overbought
<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2020/03/f-nzd31.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://www.actionforex.com/wp-content/uploads/2020/03/f-nzd31.jpg 612