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FX: Waiting With Bated Breath

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TODAY'S BIGGEST PERCENTAGE MOVERS

THE STORIES IN THE CURRENCY MARKET

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%

FX: WAITING WITH BATED BREATH

**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.

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