Trading news

The Euro (EUR) trims earlier gains against the US Dollar (USD) on Friday as the Greenback firms following the latest set of US economic releases.

The US Dollar’s (USD) sharp H1 2025 drop could push investors toward broader portfolios, though geopolitics and Fed risks may keep the currency unsettled.

The FOMC is expected to deliver a 25bp rate cut with potential dissents, reflecting the tension between inflation risks and weakening employment. Federal Reserve (Fed) Gov.

GBP/USD resumes its uptrend on Friday, trimming some of Thursday’s 0.21% losses as the Greenback recovered some ground. Inflation data in the US kept steady the chances for a Fed cut in the December meeting, weighing on the Dollar. At the time of writing, the pair trades at 1.3349 up 0.19%.

EUR/GBP remains under pressure on Friday as the Euro (EUR) continues to soften against a broadly supported British Pound (GBP). Sterling has held firm since the UK Autumn Budget, even as markets maintain strong expectations for a Bank of England (BoE) interest rate cut at the December 18 meeting.

The Personal Consumption Expenditures (PCE) Price Index rose 2.8% on a yearly basis in September, the US Bureau of Economic Analysis (BEA) reported on Friday. This print followed the 2.7% increase recorded in August and came in line with the market expectation.

American consumer confidence edged higher in early December, as households grew more optimistic about current conditions and the broader economic outlook, according to preliminary data from the University of Michigan.

United States Michigan Consumer Expectations Index came in at 55, above expectations (51.2) in December

United States UoM 1-year Consumer Inflation Expectations declined to 4.1% in December from previous 4.5%

United States Core Personal Consumption Expenditures - Price Index (YoY) below forecasts (2.9%) in September: Actual (2.8%)

United States Personal Income (MoM) came in at 0.4%, above expectations (0.3%) in September

United States Personal Consumption Expenditures - Price Index (MoM) in line with forecasts (0.3%) in September

United States Core Personal Consumption Expenditures - Price Index (MoM) meets forecasts (0.2%) in September

United States Personal Consumption Expenditures - Price Index (YoY) meets forecasts (2.8%) in September

United States Personal Spending in line with forecasts (0.3%) in September

United States UoM 5-year Consumer Inflation Expectation fell from previous 3.4% to 3.2% in December

United States Michigan Consumer Sentiment Index above expectations (52) in December: Actual (53.3)

European Central Bank (ECB) and Bank of France Governor Villeroy de Galhau said on Friday that their current "good position" of ECB policy does not mean a comfortable or fixed one at a conference in Paris.

Canada delivered another major jobs surprise with 54k new positions, pushing the jobless rate sharply lower. Markets priced in future hikes as yields spiked, though analysts still expect the Bank of Canada (BoC) to hold steady through 2026, TDS' economists Robert Both and Emma Lawrence note.

Turkey Treasury Cash Balance rose from previous -195.879B to 56.39B in November