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EUR supported by German fiscal stimulus and diversification flows – Rabobank

The Euro (EUR) has benefited from Germany’s fiscal loosening and diversification flows, but stronger US growth projections and resilient consumer spending suggest EUR/USD may remain range-bound in 2026 rather than extending a major rally, Rabobank's FX analyst Jane Foley reports.

Source  Fxstreet1765972356
AUD/USD corrects further to near 0.6620 as US Dollar gains, US CPI in focus

The AUD/USD pair extends its correction further to near 0.6620 during the European trading session on Wednesday, which started on Thursday after refreshing an almost three-month high near 0.6686.

Source  Fxstreet1765971614
EU accepts deal to phase out Russian gas imports by late 2027

The European Union (EU) parliament announces during European trading hours on Wednesday that it has approved a deal to phase out Russian gas imports by late 2027.

Source  Fxstreet1765971532
USD/CAD approaches 1.3800 amid a broad-based USD rebound

USD/CAD trims some losses and reaches 1.3780 after bouncing from 1.3745 lows.

Source  Fxstreet1765970917
EUR/USD retreats after hitting multi-month high – BBH

EUR/USD pulled back toward 1.1700 after testing 1.1800, as Germany’s IFO business expectations dipped slightly. The euro remains supported by the ECB’s steady policy stance versus expected Fed easing, BBH FX analysts report.

Source  Fxstreet1765970711
Silver Price Forecasts: XAG/USD holds gains near $66.00 on further Fed easing hopes

Silver’s (XAG/USD) is standing comfortably at the upper range of the $65.00s on Wednesday’s European session, after having hit fresh all-time highs at $66.54 earlier today as delayed US labour figures failed to boost confidence in the US economy.

Source  Fxstreet1765968721
USD/JPY jumps higher to near 155.50 as US Dollar outperforms, BoJ decision eyed

The USD/JPY pair gains 0.55% and jumps higher to near 155.50 during the European trading session on Wednesday. The pair strengthens as the US Dollar (USD) outperforms its peers, following the release of the United States (US) Nonfarm Payrolls (NFP) report for October and November.

Source  Fxstreet1765968098

Eurozone Labor Cost Index came in at 3.3% below forecasts (3.5%) in 3Q

Source  Fxstreet1765965636

Eurozone Core Harmonized Index of Consumer Prices (MoM): -0.5% (November)

Source  Fxstreet1765965633

Eurozone Harmonized Index of Consumer Prices (YoY) came in at 2.1% below forecasts (2.2%) in November

Source  Fxstreet1765965632

Eurozone Core Harmonized Index of Consumer Prices (YoY) meets expectations (2.4%) in November

Source  Fxstreet1765965631

Eurozone Harmonized Index of Consumer Prices (MoM) meets forecasts (-0.3%) in November

Source  Fxstreet1765965605
NZD/USD Price Forecast: Remains in corrective phase ahead of NZ Q3 GDP data

The NZD/USD pair trades 0.15% lower to near 0.5775 during the European trading session on Wednesday. The Kiwi pair is under pressure as the US Dollar (USD) recovers sharply, following the release of the United States (US) Nonfarm Payrolls (NFP) data for October and November.

Source  Fxstreet1765963220
EUR/USD pauses near 1.18 target – ING

EUR/USD has stalled near 1.1800, with heavy option expiries likely to keep the pair range-bound as markets await potential direction from this week’s ECB meeting, ING's FX analyst Chris Turner notes.

Source  Fxstreet1765962151

Germany IFO – Expectations came in at 89.7, below expectations (90.5) in December

Source  Fxstreet1765962063

Germany IFO – Business Climate registered at 87.6, below expectations (88.2) in December

Source  Fxstreet1765962042
USD/CAD Price Forecast: Tests upper descending wedge boundary near 1.3800

USD/CAD gains ground after registering modest losses in the previous session, trading around 1.3780 during the European hours on Wednesday. The daily chart suggests a potential upside breakout, with falling, converging trendlines forming a bullish descending wedge pattern.

Source  Fxstreet1765962038

Germany IFO – Current Assessment below forecasts (85.7) in December: Actual (85.6)

Source  Fxstreet1765962025
EUR/USD retreats as investors digest mixed US employment figures

EUR/USD is pulling back from nearly three-month highs above 1.1800, trading at 1.1710 at the time of writing, as the US Dollar (USD) regains lost ground.

Source  Fxstreet1765960700
GBP/JPY faces rejection near 208.00, slides to fresh daily low on weaker UK CPI print

The GBP/JPY cross meets with some supply following an intraday uptick to the 208.00 neighborhood on Wednesday in reaction to softer UK inflation figures.

Source  Fxstreet1765955821
Forex Today: US Dollar rebounds, focus shifts to UK inflation data

Here is what you need to know on Wednesday, December 17:

Source  Fxstreet1765951530
USD/CHF gains ground above 0.7950 amid US Dollar strength

The USD/CHF pair trades in positive territory around 0.7960 during the early European session on Wednesday, bolstered by a rebound in the US Dollar (USD). However, the prospect of the US Federal Reserve (Fed) interest rate cut next year could weigh on the Greenback against the Swiss Franc (CHF).

Source  Fxstreet1765950849
When is the UK CPI inflation data and how could it affect GBP/USD?

The United Kingdom (UK) Office for National Statistics (ONS) will publish the highly relevant Consumer Price Index (CPI) data for November on Wednesday at 07:00 GMT.

Source  Fxstreet1765949244
USD/INR corrects as RBI intervenes to support Indian Rupee

The Indian Rupee (INR) gains sharply against the US Dollar (USD) in the opening session on Wednesday. The USD/INR pair plunges over 1% to near 90.00 from its all-time high of 91.56 due to the Reserve Bank of India’s (RBI) intervention in the spot and Non-deliverable Forward (NDF) markets.

Source  Fxstreet1765949226
EUR/USD Price Forecast: Softens below 1.1750 amid ECB rate hold expectations

The EUR/USD pair declines to around 1.1730 during the early European session on Wednesday, pressured by renewed US Dollar (USD) demand.

Source  Fxstreet1765946869
EUR/JPY holds below 182.00 as Japan’s Trade Balance softens, German IFO data eyed

EUR/JPY holds ground after two days of losses, trading around 181.90 during the Asian hours on Wednesday.

Source  Fxstreet1765944743
Japanese Yen edges lower ahead of BoJ meeting; bullish potential seems intact

The Japanese Yen (JPY) edges lower during the Asian session on Wednesday as bulls turn cautious and opt to wait for the Bank of Japan (BoJ) policy update before placing fresh bets. Hence, the focus will remain glued to the outcome of a two-day BoJ meeting on Friday.

Source  Fxstreet1765941224
USD/CAD rises above 1.3750 after rebounding from three-month lows

USD/CAD rebounds from a three-month low of 1.3730, recorded in the previous session, currently trading around 1.3770 during the Asian hours on Wednesday.

Source  Fxstreet1765939526
Australian Dollar extends losses as USD stays firm amid fading Fed rate cut bets

The Australian Dollar (AUD) declines against the US Dollar (USD) on Wednesday, extending its losses for the fifth consecutive day.

Source  Fxstreet1765938023
EUR/USD steadies near 1.1750 ahead of final Eurozone CPI amid fading USD recovery

The EUR/USD pair steadies around the 1.1750 area during the Asian session on Wednesday, and for now, seems to have stalled the previous day's sharp retracement slide from the highest level since September 24.

Source  Fxstreet1765934757
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