FX: Waiting With Bated Breath
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TODAY'S BIGGEST PERCENTAGE MOVERS
THE STORIES IN THE CURRENCY MARKET
- FX: WAITING WITH BATED BREATH
- USD: NO MAJOR DATA, RISK CONTINUES TO DRIVE FLOWS
- GBP: SIGNS OF WEAKER CONSUMER SPENDING
- CAD: SOARS AFTER BOC RATE DECISION
- NZD: RBNZ COULD RETRACT PLAN FOR RATE HIKE
- AUD: PRESSURED BY 25BP RATE CUT
- JPY: MORE ECONOMIC DATA TO FOLLOW
EXPECTATIONS FOR UPCOMING FED MEETINGS
| CURRENT US INTEREST RATE: 0.25% | ||
|---|---|---|
| 12/13 Meeting | 01/25 Meeting | |
| NO CHANGE | 67.0% | 62.3% |
| CUT TO 0BP | 33.0% | 35.4% |
| HIKE TO 50BP | 0.0% | 2.3% |
| CUT TO 75BP | 0.0% | 0.0% |
**Next Publication will be Jan 9th.
Meanwhile Swiss consumer prices fell for the second month in a row and the fifth time in the past six months. On an annualized basis, this was the largest decline in CPI in more than 2 years. With the decline in inflationary pressures, the Swiss National Bank is expected to increase its EUR/CHF peg at their next monetary policy meeting later this month. When the SNB first introduced the EUR/CHF peg, we began to see improvements in Switzerland's economy. However since then, economic data has taken a turn for the worse, pressuring the Swiss National Bank to take additional steps to stimulate the economy.
USD: NO MAJOR DATA, RISK CONTINUES TO DRIVE FLOWS
GBP: SIGNS OF WEAKER CONSUMER SPENDING
CAD: SOARS AFTER BOC RATE DECISION
JPY: MORE ECONOMIC DATA TO FOLLOW
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NZD/USD: Currency in Play for Next 24 Hours
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
