The USD/JPY pair edged higher in Wednesday's session, trading around the 143.80 level, as the markets remained directionless due to the absence of Bank of Japan's pivot clues.
Blogs
USD/CAD holding steady on Wednesday just above 1.3300
The USD/CAD is getting pushed lower as broader markets see a healthy risk bid that is forcing down the US Dollar (USD) and a bump in Crude Oil bids is propping up the Canadian Dollar (CAD) while the Bank of Canada (BoC) sees lower odds of inflation risks making a reappearance.
Argentina Trade Balance (MoM) came in at $-615M, below expectations ($-43M) in November
Argentina Trade Balance (MoM) came in at $-615M, below expectations ($-43M) in November
GBP/USD struggles to recover 1.2680 after UK CPI miss softens Pound Sterling bids
The GBP/USD is capped below 1.2680 after a below-expectations print of UK Consumer Price Index (CPI) inflation sent the Pound Sterling (GBP) lower against the US Dollar (USD), dragging the pair down through the 1.2270 handle and pinging 1.2630.
BoC minutes: Members concluded that recent data pointed in the right direction
The Bank of Canada released the Summary of Deliberations of the December 6 meeting when they delivered a "dovish" hold.
United States 20-Year Bond Auction down to 4.21% from previous 4.78%
United States 20-Year Bond Auction down to 4.21% from previous 4.78%
United States 20-Year Bond Auction declined to 4.213% from previous 4.78%
United States 20-Year Bond Auction declined to 4.213% from previous 4.78%
Silver Price Analysis: XAG/USD rides high on Fed’s dovish shift as US 10-year yield drops to fresh bottoms
In Wednesday's session, XAG/USD is seeing a rally, currently trading at a level of $24.30, favored by the dovish shift in the Federal Reserve (Fed) and the fall to fresh lows of the US 10-year yield.
Russia Producer Price Index (MoM) down to -0.1% in November from previous 2%
Russia Producer Price Index (MoM) down to -0.1% in November from previous 2%