Forex Market

Reappointments and stability may finally let the chair leave gracefully: After months of intense political pressure, the Federal Reserve may have quietly reassured its chair that stepping down could be a smooth, safe transition. The central bank’s recent moves signal stability and continuity, potentially allowing Jerome Powell to exit the …

With Jerome Powell’s term ending in May, the race to lead the US Federal Reserve has reached a critical moment. President Donald Trump is expected to reveal his nominee soon, a choice that will shape interest-rate policy, investor confidence, and the delicate balance between politics and central banking for years …

U.S. Treasury yields edged lower on Wednesday as investors increased allocations to government bonds, even after economic data confirmed strong growth momentum. The 10-year yield, the key benchmark for borrowing costs, fell by more than three basis points to around 4.14%. Shorter- and longer-dated yields followed the same direction, with …

After a relatively calm start to 2025, the U.S. labor market ended the year on shaky ground. What began as a period of limited hiring and limited firing gradually shifted into a wave of large-scale layoffs across some of America’s biggest employers. By year’s end, job cuts had climbed to …

The Canadian dollar maintained a modest edge against its U.S. counterpart, keeping USD/CAD pinned near five-month lows as subdued holiday liquidity capped volatility. The pair hovered around 1.3675, close to its weakest level since late July, with price action driven more by policy expectations than fresh data.GDP Data Fails to …

The British pound edged modestly lower against the U.S. dollar during subdued trading, as global markets slowed amid the holiday season. With many investors stepping aside and liquidity thinning, currency movements remained limited, reflecting a broader pause in risk-taking rather than any sharp shift in economic sentiment.The dollar found mild …

Gold surged to an unprecedented milestone on Wednesday, breaking above $4,500 an ounce for the first time, while silver and platinum also posted fresh record highs, underscoring an exceptional rally across the precious metals complex driven by safe-haven demand, speculative inflows, and expectations of further U.S. interest-rate cuts next year. …

Consumer sentiment in the United States showed signs of weakening in December, with the Conference Board reporting that its Consumer Confidence Index dropped by 3.8 points to 89.1, down from 92.9 in November. This marks the fifth consecutive month of decline, highlighting growing caution among American households as they assess …

The U.S. economy expanded at a much faster pace than expected in the third quarter, growing at an annualized rate of 4.3%, according to data released by the U.S. Commerce Department. The reading comfortably exceeded market expectations for 3.2% growth and marked a sharp acceleration from the 3.8% pace recorded …

Major currencies edged higher against the U.S. dollar on Tuesday as the greenback softened in holiday-thinned trade, with investors turning cautious ahead of a dense slate of U.S. economic releases that could shape interest-rate expectations for 2026. The dollar retreated with markets focused on U.S. third-quarter GDP and the personal …