Financial and Business News
A combination of factors assisted gold to regain positive traction on Wednesday. Expectations for early
GBP/USD bulls stampede on BoE rate expectations. US dollar drifts lower following yesterday's spike to
Chile’s peso has suffered. Despite likely aggressive hikes from the local central bank, economists at
The Norwegian krone has already benefitted in the past few months from being a large
Economists at ING believe the Riksbank will not meet market expectations of tightening in 2022.
Data released on Wednesday showed inflation in Canada reached the highest level in 18 years.
Eurozone inflation arrives at 4.1% YoY in October. Monthly CPI in the bloc rises to
USD/CAD grinds higher following the run-up to refresh seven-week top. Short-term ascending trend line, 61.8%
AUD/USD fails to cheer USD pullback, stays pressured around six-week low. RBA’s rejection of rate
EUR/USD bears take no heed, consolidate toward the 1.1300 level. The pair may find impetus
