Russia Consumer Price Index (MoM): 0.42% (November) vs previous 0.5%.Russia Consumer Price Index (MoM): 0.42% (November) vs previous 0.5%

Crude oil inventories see a drawdown at -1.812 million versus -2.310 million estimate.The major standout in the report today was higher than expected gasoline and distillate builds, both of which came in sharply above forecasts — a bearish signal for refined product demand. The private data also showed a gasoline in distillate build.

Bank of Canada Holds as Expected .The opening statement highlighted that while tariffs and trade uncertainty continue to weigh on business investment, the economy has proven to be relatively resilient. However, it noted that measures of hiring intentions remain “subdued” despite the recent improvements in the labour market.

US Dollar Forecast: DXY Slips as Traders Await Fed Rate Cut and Powell Guidance.DXY softens as traders await a potential hawkish Fed cut. Powell's guidance and steady Treasury yields shape short-term dollar expectations.

BoC Confirms Long Pause, Markets Pivot to High-Stakes FOMC.Canadian Dollar eased modestly in early US trading after the BoC left its policy rate unchanged at 2.25%, as markets had fully expected. While the decision itself carried no surprises, the statement struck a slightly cautious tone on growth, prompting a mild pullback in CAD after its recent period of outperformance.

BoC holds steady, points to weak Q4 GDP and balanced inflation outlook.The BoC kept the overnight rate unchanged at 2.25% today, in line with expectations. The most notable element of the statement was the Governing Council's assessment that, if inflation and economic activity evolve broadly as projected in October, the current policy rate is “about the right level.

BOC Macklem: Given the current balance of risks, the policy rate is at the right level.Policy rate held at 2.25%, with Governing Council judging it as appropriate to keep inflation near 2% while supporting the economy through a structural adjustment caused by US trade conflict.

Natural Gas News: Short Covering Lifts Futures Today but Forecast Remains Bearish.Natural gas futures rise on short covering, but traders eye upcoming EIA report and warm weather forecasts for signs of further downside.

USD/JPY Forecast: Why the Yen Is Likely to Top the Dollar in 2025.The USD/JPY has been on the upside in the last five sessions, but there's more to favor the yen in addition to Fed and BoJ rate decisions.

Norway central bank does not recommend introduction of a digital currency.Norway's central bank does not currently recommend the introduction of a central bank digital currency (CBDC), but may do so at a later time, it said on Wednesday.

CAD steady ahead of BoC decision and Macklem remarks – Scotiabank.CAD steady ahead of BoC decision and Macklem remarks – Scotiabank

EM assets firm up before potential Fed cut; Ukraine in focus.Emerging market assets inched higher ahead of a widely expected interest rate cut by the Federal Reserve on Wednesday, while investors also monitored developments in Ukraine that could influence global risk sentiment.

Crude Oil Price Outlook – Crude Continues to Search for the Floor.Crude oil remains choppy as the market searches for a floor near key support levels. Persistent oversupply and weak demand continue to pressure prices, leaving rallies vulnerable to renewed selling and favoring short-term fade trades.

Argentina monthly inflation pushed up by higher beef prices in November: Reuters poll.Higher beef prices pushed up the pace of monthly inflation in Argentina in November but the yearly rate likely dropped to a new seven-year low, a Reuters poll of economists showed.

USD/JPY: 5-Day JPY Weakness Has Reached an Inflection Point for Potential Reversal as FOMC Looms.In the FX market, a “K-shaped” performance has emerged with the AUD rallying and outperforming among the major currencies against the US dollar due to the hawkish monetary policy guidance from the Australian central bank, RBA. In today's Asia session, AUD extended its gains by 0.1% after a 0.3% return seen on Tuesday, 9 December, towards a three-month high at 0.6650 (see Fig.

FOMC Will Take Another Route.In the Foreign Exchange market, an increasing number of key central banks are ending their easing measures. The Reserve Banks of Australia and New Zealand have made it clear that they have finished their rate-cut cycles.

S&P500: Traders Await Fed Decision Today With 2026 Forecast Set to Drive US Indices.Fed expected to deliver a hawkish rate cut as markets eye 2026 projections, labor softness and inflation risks ahead of a potential year-end rally.

Dollar Index in a Quiet Mode Ahead of Key Fed Policy Decision.The dollar index – recovery leg from 98.70 daily higher base (the bottom of pullback from 100.32 peak) slows on Wednesday, as traders await the verdict from Fed at the end of two-day policy meeting.

investingLive European FX news wrap: Final countdown to the last Fed decision of 2025.It's been a very boring session with no data or notable news releases. In the markets, it's been the same with rangebound price action almost across the board.

Brazil IPCA Inflation registered at 0.18%, below expectations (0.2%) in November.Brazil IPCA Inflation registered at 0.18%, below expectations (0.2%) in November

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

Investors Brace for Fed Decision as DAX Holds Above 24,000.US stocks slipped ahead of the Fed meeting, with S&P 500 down 0.35% and Dow off 0.45% as investors positioned for a hawkish t.

USD/JPY holds onto gains near 157.00 ahead of Fed's monetary policy.USD/JPY holds onto gains near 157.00 ahead of Fed's monetary policy

Oil News: Crude Oil Futures Hold as Traders Eye Fed Cut and EIA Inventory Draw.Crude oil holds steady as traders eye a 7M barrel inventory draw and Fed rate cut; rising U.S. production and weak demand keep oil outlook under pressure.

GBP/JPY Price Forecast: Pound remains firm, with 208.20 holding bears.GBP/JPY Price Forecast: Pound remains firm, with 208.20 holding bears

ECB's Lagarde: Monetary policy remains in good shape.ECB's Lagarde: Monetary policy remains in good shape

Fed Day with 10-year Yield at a Three-Month High.Overview: The outcome of the FOMC meeting is the main focus today. With the market discounting at least two cuts next year compared with the median projection in September that one cut would be appropriate, it is difficult not to anticipate a hawkish cut.

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

Sterling edges up vs dollar, flat versus euro, Fed in focus.Sterling edged up against the dollar and was roughly unchanged versus the euro as investors braced for the Federal Reserve policy meeting outcome due later in the session and data on British economic growth on Friday.

UK finance minister Reeves says budget leaks were frustrating and unacceptable.British finance minister Rachel Reeves said on Wednesday that she was frustrated with leaks about her budget before her November 26 tax and spending statement, including media reports about possible income tax rises.