<p>The breakdown shows producer prices down 0.7% on the month while imports prices dropped by 1.3% on the month in November. That will continue to help support the SNB's latest policy stance to keep things more neutral for now.</p> This article was written by Justin Low at www.forexlive.com.
Blogs
BOE expected to push back against pricing of "premature" rate cuts – Barclays
<p>The firm expects the policy guidance by the BOE to be maintained, so as to mention that the more restrictive policy will be maintained "for an extended period". Adding that recent data "have not provided firm evidence on the persistence and strength of the medium-term disinflationary process".</p><p>Barclays
The risks are leaning towards earlier and larger rate cuts by the ECB – Deutsche
<p>The firm says that while the ECB should acknowledge the more positive inflation developments as of late, they will want to steer clear of declaring victory just yet. That should see the central bank maintain its policy guidance on keeping rates higher for longer in order to get inflation back to the 2% target.</p><p>That being
EUR/USD bounds towards 1.0900, fueled by post-Fed risk bids
The EUR/USD saw a hard rebound on Wednesday, coming within inches of reclaiming the 1.0900 handle after the Federal Reserve (Fed) pivoted into a path towards rate cuts after months of towing the “higher for longer” line.
NZD/USD loses momentum below 0.6200 following the New Zealand GDP data
The NZD/USD pair holds ground around 0.6175 after facing a rejection around the 0.6200 mark during the early Asian session on Thursday.
Silver Price Analysis: XAG/USD surged back above $23.70 as bulls target $24.00
Silver price stages a comeback after sliding for seven straight days as the Federal Reserve pivots toward easing monetary policy, a tailwind for the grey metal, set to make a U-turn in the week.
New Zealand GDP comes in at -0.3% QoQ in Q3 vs. 0.2% expected
The New Zealand Gross Domestic Product (GDP) for the third quarter (Q3) came in at -0.3%, following 0.5% in the previous reading.
Canadian Dollar climbs into new weekly highs as Fed pivots policy stance, sees rate cuts in 2024
The Canadian Dollar (CAD) is moderately bid on Wednesday, gaining support from a thin but noticeable relief rally in Crude Oil markets.
WTI Crude Oil reclaims $70 as oil markets recover post-Fed
West Texas Intermediate (WTI) is scrambling to find a foothold near the $70-per-barrel handle.
AUD/USD bulls seizes control and charge towards multi-month highs around 0.6670
On Wednesday's session, the AUD/USD rose to 0.6670, witnessing an upward rally of 1.60%.