Blogs

Economists at ANZ Bank expect KRW and TWD to be the best Asian currencies in the coming year.

The Sterling has broken below the bottom of the last three weeks' triangle pattern, at 181.80, weigher by broad-based Yen strength, and is testing the 180.00 support area at the moment of writing.

Brazil Inflation Index/IGP-M above expectations (0.66%) in December: Actual (0.74%)

The Pound Sterling (GBP) prints a fresh four-month high as investors hope that the Bank of England (BoE) will maintain a restrictive monetary policy stance for a longer period than other Group of Seven economies.

The USD/CAD pair finds cushion near the round-level support of 1.3200 in the European session.

The Swiss Franc has been the best-performing G10 currency year to date.

"Monetary policy normalization is already showing its impact on slowing inflation, but it would still be premature to think about rate cuts," European Central Bank Governing Council member Robert Holzmann said on Thursday, as reported by Bloomberg News.

The Ringgit (MYR) was one of the worst-performing currencies in Asia.

The NZD/USD pair has fallen to near 0.6330 amid a surprise recovery in the US Treasury yields.

The Euro maintains its bullish tone against the British Pound on Thursday, with the pair bouncing strongly at 0.8670 to test one-month highs at 0.8700.