News

Ireland Retail Sales (MoM) declined to -0.4% in December from previous 0.5%

Source  Fxstreet1769598020

Ireland Retail Sales (YoY): -0.1% (December) vs previous 2.5%

Source  Fxstreet1769598020
Federal Reserve set to pause after three consecutive interest-rate cuts

The United States (US) Federal Reserve (Fed) announces its interest rate decision on Wednesday. Markets widely expect the US central bank to keep the policy rate unchanged in the range of 3.5%-3.75%.

Source  Fxstreet1769598000

India Cumulative Industrial Output up to 3.9% in December from previous 3.3%

Source  Fxstreet1769596466

India Manufacturing Output up to 8.1% in December from previous 8%

Source  Fxstreet1769596465

India Industrial Output above expectations (5.5%) in December: Actual (7.8%)

Source  Fxstreet1769596464
BoC expected to keep rates steady at 2.25% – NBC

The Bank of Canada is expected to maintain its overnight target at 2.25%, a decision anticipated by forecasters and OIS markets. Recent economic data has tempered rate cut expectations, leading to a slight easing bias in the near term and a mild hiking bias later in 2026.

Source  Fxstreet1769596386

Austria UniCredit Bank Manufacturing PMI fell from previous 49.3 to 47.2 in January

Source  Fxstreet1769590801

Italy Business Confidence above forecasts (89) in January: Actual (89.2)

Source  Fxstreet1769590793

Italy Consumer Confidence came in at 96.8 below forecasts (97) in January

Source  Fxstreet1769590793
HUF: Central bank green lights rate cuts – ING

The National Bank of Hungary maintained its tone during a recent meeting, with no immediate indication of rate cuts. However, the market reaction suggests a green light for potential cuts in February, especially if January inflation data supports this.

Source  Fxstreet1769589447
Euro: Strength raises ECB rate cut concerns – Deutsche Bank

The Deutsche Bank report indicates the Euro has strengthened, closing above $1.20 for the first time since June 2021. This appreciation has led to speculation regarding the European Central Bank's potential need to consider interest rate cuts.

Source  Fxstreet1769588339
AUD/USD: Potential for further gains – UOB Group

The UOB Group report by Quek Ser Leang and Lee Sue Ann highlights that the Australian Dollar is likely to continue its upward trajectory, with potential resistance at 0.7050. The report notes that while further strength is anticipated, overbought conditions may limit the extent of the rally.

Source  Fxstreet1769586856

Germany GfK Consumer Confidence Survey came in at -24.1, above expectations (-25.8) in February

Source  Fxstreet1769583754
US stocks: Mixed performance amid earnings reports – HSBC

US stock indices ended mixed on Tuesday as corporate earnings reports varied. The S&P 500 rose by 0.4%, driven by technology stocks, while the Dow Jones Industrial Average fell by 0.8%. The Treasury yield curve steepened as investors reacted to weak consumer confidence readings, HSBC notes.

Source  Fxstreet1769583177
EUR/USD: Upside potential remains – UOB Group

The UOB Group report by Quek Ser Leang and Lee Sue Ann suggests that the Euro is poised for further gains against the US Dollar, with a potential retest of 1.2080. As long as the Euro holds above 1.1950, the outlook remains positive, although a pullback is expected after reaching higher levels.

Source  Fxstreet1769582221
ECB’s Cipollone: EU economy has been proven resilient and we expect data could top our forecasts

European Central Bank (ECB) executive board member Piero Cipollone said early Wednesday, “the European economy has been proven resilient and we expect data that could top our forecasts.”

Source  Fxstreet1769567200

Australia Quarterly RBA Trimmed Mean CPI (YoY) above forecasts (3.2%) in 4Q: Actual (3.4%)

Source  Fxstreet1769560364

Australia Quarterly RBA Trimmed Mean CPI (QoQ) registered at 0.9% above expectations (0.8%) in 4Q

Source  Fxstreet1769560355

Australia Quarterly Consumer Price Index (QoQ) above forecasts (0.7%) in 4Q: Actual (1%)

Source  Fxstreet1769560280

Australia Quarterly Consumer Price Index (YoY) above forecasts (3.6%) in 4Q: Actual (3.8%)

Source  Fxstreet1769560263
BoJ Minutes: Members agree will continue to raise rates if its economic projection materialize

The Bank of Japan (BoJ) board members shared their views on the monetary policy outlook on Wednesday, per the BoJ Minutes of the December meeting.    

Source  Fxstreet1769558555
US President Donald Trump: Value of the US Dollar is great — Reuters

US President Donald Trump said that the value of the ‌US Dollar (USD) is great when asked whether he thought it had declined too much, Reuters reported on Tuesday.

Source  Fxstreet1769556255
Euro-area labour market: Resilience amid challenges – Standard Chartered

Standard Chartered's Christopher Graham discusses the resilience of the Euro-area labour market despite recent economic shocks. The report highlights that employment growth and vacancies indicate a more balanced labour market, which may lead to lower wage growth and inflation.

Source  Fxstreet1769543880
AUD: Rate hike expectations supported – BBH

Brown Brothers Harriman's (BBH) analysis shows that the NAB December business survey supporting expectations for a rate hike by the RBA. If the upcoming trimmed mean CPI inflation exceeds the RBA's projection, it could lead to a February rate increase and bolster the AUD.

Source  Fxstreet1769540280

United States 5-Year Note Auction rose from previous 3.747% to 3.823%

Source  Fxstreet1769536995
Singapore: Industrial production declines in December – UOB

UOB Senior Economist Alvin Liew reports that Singapore's industrial production (IP) fell by 13.3% month-on-month in December 2025, aligning with market expectations. The decline was primarily driven by a significant drop in pharmaceuticals output, which decreased by 85.8%.

Source  Fxstreet1769533500
Indonesia: Cyclical recovery outlook – Standard Chartered

Indonesia's economy is poised for a cyclical rebound driven by expansionary macroeconomic policies, according to Standard Chartered's report by Aldian Taloputra. Fiscal policy is expected to play a larger role as the scope for further monetary easing diminishes.

Source  Fxstreet1769531520
US CB Consumer Confidence Index fell to 84.5 in January

US consumer sentiment lost momentum in January, as the Conference Board’s Consumer Confidence Index fell to 84.5 from a revised 94.2 (from 89.1), hitting the lowest level since 2014.

Source  Fxstreet1769530467
KRW: Tariff threats weigh on performance – BBH

The report from Brown Brothers Harriman (BBH) indicates that the KRW is underperforming. The announcement of increased tariffs by US President Trump is a significant factor impacting the KRW. Despite this, reduced capital outflows are providing some support to the currency.

Source  Fxstreet1769529240
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