As widely anticipated, the Bank of Canada (BoC) kept its benchmark interest rate at 2.25% at its event on Wednesday.

Canada BoC Interest Rate Decision meets expectations (2.25%)

The Japanese Yen (JPY) is consolidating above its late-November lows as yield spreads tilt modestly against it.

United States Employment Cost Index below expectations (0.9%) in 3Q: Actual (0.8%)

United States MBA Mortgage Applications climbed from previous -1.4% to 4.8% in December 5

India M3 Money Supply up to 9.9% in November 24 from previous 9.8%

European Central Bank (ECB) President Christine Lagarde said in an interview at the Financial Times (FT) Global Boardroom Conference in London during the European trading session on Wednesday that the current monetary policy is in good shape and the central bank will might revise growth projections

Portugal Global Trade Balance rose from previous €-8.94B to €-8.458B in October

South Africa Retail Sales (YoY) dipped from previous 3.1% to 2.9% in October

The United States (US) Federal Reserve (Fed) will announce its interest rate decision on Wednesday, with markets widely expecting the US central bank to deliver a final 25 bps cut for 2025.

China’s November CPI rose to 0.7% y/y, matching consensus, while core inflation held at 1.2% and PPI stayed in deflationary territory, keeping domestic demand weak and supporting the ongoing USD/CNH downtrend, BBH FX analysts report.

United Kingdom 10-y Bond Auction climbed from previous 4.608% to 4.613%

US Dollar (USD) is likely to trade with a downward bias, but is unlikely to break below 7.0540. In the longer run, outlook for USD remains negative; the next level to watch is 7.0400, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Greece Industrial Production (YoY) declined to 6.4% in October from previous 6.8%

EUR/USD edged lower this week amid rising US rates and FOMC risk, with near-term support at 1.1585/90, while eurozone fiscal and geopolitical developments—including French budget hurdles and potential use of frozen Russian assets for Ukraine—remain in focus but are unlikely to undermine the euro’s s

The Bank of Canada (BoC) is widely expected to keep its policy rate steady at 2.25% today, as cautious policymakers weigh global uncertainties, USMCA renegotiation in 2026, and part-time driven job gains, leaving the CAD vulnerable to near-term weakness, ING's FX analyst Chris Turner notes.

Italy Industrial Output s.a. (MoM) came in at -1% below forecasts (-0.3%) in October

Italy Industrial Output w.d.a (YoY) came in at -0.3% below forecasts (0.2%) in October

Silver soared past $60 per ounce as traders priced in imminent Fed rate cuts and tightening supply conditions, reinforcing the metal’s historic tendency to outperform Gold during easing cycles, ING's commodity experts Ewa Manthey and Warren Patterson note.

At first glance, the inflation data from China published this morning suggests that deflationary pressure appears to be easing. At least consumer prices rose at an annual rate of 0.7%, which is significantly faster than recently (0.2% in October).

There is scope for Pound Sterling (GBP) to test 1.3265 before a recovery can be expected. In the longer run, a break below 1.3265 would indicate that the advance in GBP from late last month has come to an end, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Austria Industrial Production (YoY): 3.3% (September) vs -1.7%

European Central Bank (ECB) policymaker and French central bank governor, Francois Villeroy, said during European trading hours on Wednesday that the wise thing is to hold interest rates steady at their current level.

European Central Bank (ECB) Governing Council (GC) member and Lithuanian central-bank chief, Gediminas Simkus, said in an interview in Vilnius during the European trading session on Wednesday that there is no need of monetary policy adjustments currently as inflationary pressures is close to the cen

In its latest review report on the Chinese economy published on Wednesday, the International Monetary Fund (IMF) raised the dragon nation’s economic growth for this year and the next.

Sweden Industrial Production Value (MoM) declined to -6.6% in October from previous 3.8%

Sweden Industrial Production Value (YoY) down to 5.9% in October from previous 13.5%

Sweden New Orders Manufacturing (YoY): 12.1% (October) vs 7.2%

Here is what you need to know on Wednesday, December 10:

US President Donald Trump plans to begin his final round of interviews in the coming days with candidates to be the next Federal Reserve (Fed) Chair, the Wall Street Journal reported on Tuesday, citing senior administration officials.