News

New Zealand Exports: $7.65B (December) vs $6.99B

Source  Fxstreet1769636702

New Zealand Imports rose from previous $7.15B to $7.6B in December

Source  Fxstreet1769636702
Federal Reserve pauses, sees economy on firm footing

At its January meeting, the Federal Reserve kept the Fed Funds Target Range (FFTR) unchanged at 3.50%–3.75%, a decision that was fully in line with market expectations.

Source  Fxstreet1769633345

United States Fed Interest Rate Decision meets forecasts (3.75%)

Source  Fxstreet1769626809
BoC: rates unchanged, focus shifts to trade and global risks

This is a summary of the main highlights following the BoC’s interest rate decision earlier on Wednesday.

Source  Fxstreet1769620973
US Treasury Bessent: Rates up to the Fed, Chair race still wide open

US Treasury Secretary Scott Bessent said rate decisions remain firmly in the Fed’s domain and expressed hope that policymakers would keep an open mind.

Source  Fxstreet1769618807

Canada BoC Interest Rate Decision in line with expectations (2.25%)

Source  Fxstreet1769611505
CAD: Bank of Canada maintains on-hold bias – BBH

The Bank of Canada (BOC) is expected to keep its policy rate unchanged at 2.25% for the second consecutive meeting.

Source  Fxstreet1769605375
Could Trump name next Fed Chair today, overshadowing FOMC meeting?

Speculation is intensifying over US President Donald Trump’s nomination of the next Chair of the Federal Reserve (Fed), an announcement that could come as early as today, while the Federal Open Market Committee (FOMC) is also holding its monetary policy meeting.

Source  Fxstreet1769604860
BoC to maintain overnight rate at 2.25% with a cautious tone – TD Securities

TD Securities' Global Strategy Team provides insights on the upcoming Bank of Canada Rate Decision scheduled for January. The expectation is for the overnight rate to remain at 2.25%, with a cautious tone in the policy statement.

Source  Fxstreet1769604642

United States MBA Mortgage Applications dipped from previous 14.1% to -8.5% in January 23

Source  Fxstreet1769601604

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
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