The sharp further gain for EUR/USD is on shaky ground in the view of economists at MUFG Bank.
Blogs
Euro stalls below November’s peak as Eurozone PMI data disappoints
The Euro pulls back from 1.1010 following weak Eurozone PMIs.
Gold Price Forecast: Fed’s shift in tone should see investors continue to build exposure to XAU/USD – ANZ
Gold consolidated its gains following the dovish commentary emanating from Wednesday’s FOMC meeting.
GBP/USD: The rise will be modest – Nomura
On Thursday, BoE’s retaining a hawkish stance led Cable higher.
India Bank Loan Growth increased to 20.8% in December 4 from previous 20.6%
India Bank Loan Growth increased to 20.8% in December 4 from previous 20.6%
India FX Reserves, USD rose from previous $604.04B to $606.86B in December 8
India FX Reserves, USD rose from previous $604.04B to $606.86B in December 8
India Trade Deficit Government came in at $20.58B, below expectations ($23.6B) in November
India Trade Deficit Government came in at $20.58B, below expectations ($23.6B) in November
The BoE remains cautious, GBP likely to remain supported for the time being – Commerbank
The Bank of England (BoE) left interest rates unchanged on Thursday.
Gold maintains a positive tone with the Dollar weighed down by Fed’s pivot
Gold price keeps consolidating with the US Dollar depressed following the Fed’s dovish turn.
US Dollar Index to fall by just under 5% to 97 in 2024 – SocGen
The Dollar can only fall so far on Fed dovishness, Kit Juckes, Chief Global FX Strategist at Société Générale reports.