Blogs

In Monday's session, the USD/CHF pair dictated a bearish trail, having losses as it traded near the 0.8680 level.

The GBP/USD extended its losses for the second straight day, spurred by the rise in US Treasury bond yields, while the Greenback (USD) trimmed some of its earlier losses on the day.

The US Dollar (USD) took a slight downturn in the early part of the week, bracing itself before the release of the Personal Consumption Expenditures (PCE) Price Index data on Friday, which is the Federal Reserve (Fed) preferred gauge of inflation.

The AUD/USD retreats from five-month highs of 0.6735 and drops below the 0.6700 figure courtesy of a jump in US Treasury bond yields, reflected on the Greenback (USD) paring some of its earlier losses.

The EUR/GBP is hardening a technical rebound towards the 0.8700 handle after a rough battle over the 0.8600 handle last week.

The Swiss Franc (CHF) traded overall higher on Monday due to safe-haven demand as sentiment soured on global trade fears sparked by the Middle East geopolitical tensions.

The US Crude Oil benchmark, also known as West Texas Intermediate (WTI), has risen more than 2% on geopolitical risks as a militant group linked to Iran continues to attack ships around the Red Sea.

In Monday 's session, the USD/JPY pair is making notable strides upward, trading around the 143.00 level.

The Bank of Japan (BoJ) will hold its Monetary Policy Committee (MPC) on Tuesday, December 19 and as we get closer to the Interest Rate Decision, here are the expectations forecast by the economists and researchers of 11 major banks.

Economists at Rabobank expect the Japanese Yen to strengthen next year and revise down their USD/JPY 12-month forecast.