Trading news

AUD/USD remains under pressure on Monday, with the Australian Dollar (AUD) edging lower as the US Dollar (USD) stages a modest rebound ahead of a heavy US economic docket due on Tuesday. At the time of writing, AUD/USD is trading around 0.6637, staying on the back foot for a third consecutive day.

The Euro (EUR) strengthens against the US Dollar (USD) on Monday as the Greenback remains under sustained pressure following last week’s 25 basis point (bps) interest rate cut by the Federal Reserve (Fed). At the time of writing, EUR/USD is trading around 1.1760, its highest level since October 1.

Federal Reserve (Fed) Bank of New York President John Williams said that he projects the jobless rate will come back down over the next few years at an event hosted by the New Jersey Bankers Association. Audience questions expected on Monday.

Canadian home sales were broadly unchanged in November, with weakness across most provinces offset by gains in the West.

GBP/USD advances during the North American session up 0.28% amid a scarce economic docket but following the Federal Reserve’s last week’s monetary policy decision, in which the central bank hinted a possible pause loom.

Colombia Retail Sales (YoY) below forecasts (12%) in October: Actual (10%)

United States NAHB Housing Market Index above forecasts (38) in December: Actual (39)

Federal Reserve (Fed) Governor Stephen Miran stated that tariffs aren't driving higher inflation in goods and argued that the measure of underlying inflation is near 2% on Monday at Columbia University's Institute of Global Politics, in New York.

The Canadian Dollar (CAD) trims part of its earlier gains against the US Dollar (USD) on Monday as traders digest the latest inflation data from Canada.

The Japanese Yen (JPY) strengthened 0.5% against the US Dollar (USD), pushing USD/JPY down to the key 155 level, as investors digested the Q4 Tankan business survey. Technical indicators are turning bearish, with the RSI dipping below 50.

The New Zealand Dollar (NZD) underperformed across G10 currencies after Reserve Bank of New Zealand (RBNZ) Governor Anna Breman dampened market expectations for rate hikes in 2026, BBH FX analysts report.

The Pound Sterling (GBP) gained slightly against the US Dollar (USD) as markets prepare for a heavy UK data calendar ahead of Thursday’s Bank of England meeting.

USD/CNH fell below 7.0500, marking its lowest level since October 2024, amid weak November real sector data from China. Slower retail sales, subdued industrial production, and a sharper-than-expected drop in fixed asset investment highlight ongoing economic softness.

The Euro (EUR) is steady, trading in a tight range in the mid 1.17s and entering Monday’s NA session with a fractional gain vs. the US Dollar (USD).

USD/CAD is trading near recent lows around 1.3765 following the Bank of Canada’s (BOC) decision to hold its policy rate at 2.25%.

The Canadian Dollar (CAD) remains near Friday’s closing level versus the US Dollar (USD), trading just below its estimated fair value of 1.3798.

USD/JPY trades near 155.00 following a strong Q4 Tankan survey, with Japan’s all-industries business conditions index rising to 17, the highest since Q3 2018, BBH FX analysts report.

The US Dollar (USD) is tracking a little lower on the session in broad, Dollar Index (DXY) terms but losses remain relatively contained and the index is holding a little above last week’s low. The CNY continues to strengthen, meanwhile, giving much of the Asian FX complex a lift.

The Euro (EUR) trades on the back foot against the Japanese Yen (JPY) on Monday, as the Yen strengthens broadly amid near-certain expectations that the Bank of Japan (BoJ) will raise interest rates at its December 19 policy meeting.

Canada BoC Consumer Price Index Core (MoM) declined to -0.1% in November from previous 0.6%