USD/CAD extends upside above 1.4150, all eyes on US CPI data, BoC rate decision
The USD/CAD pair extends the rally to near 1.4180 during the early Asian session on Wednesday, bolstered by the firmer US dollar (USD) broadly.
CPI +0.3%, +2.7% Year over Year: Exactly In-Line
The CPI Inflation Rate came in-line with expectations: +2.7%, 10 bps ahead of the prior month.
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NZD/USD holds below 0.5800 as traders brace for US CPI release
The NZD/USD pair trades on a softer note around 0.5795 during the Asian session on Wednesday.
Japanese Yen trims a part of intraday gains amid BoJ uncertainty, ahead of US CPI report
The Japanese Yen (JPY) edges higher during the Asian session on Wednesday as a stronger Producer Price Index (PPI) from Japan keeps the door open for a December interest rate hike by the Bank of Japan (BoJ).
USD/INR softens amid likely RBI’s intervention
The Indian Rupee (INR) weakens near a record low on Wednesday as the appointment of career bureaucrat Sanjay Malhotra as the next governor of the Reserve Bank of India (RBI) prompted traders to raise their bets on the interest rate cuts.
Gold price steadies below $2,700 as traders seem reluctant ahead of US inflation data
Gold price (XAU/USD) prolongs its weekly uptrend for the third consecutive day on Wednesday and climbs to a two-and-half-week high during the Asian session.
USD/CHF holds positive ground above 0.8800 as US CPI data looms
The USD/CHF pair trades in positive territory for the fourth consecutive day around 0.8835 during the early European session on Wednesday.
Rival bidder for SA’s Springboks plans fan stake
The national team 'is a symbol of excellence and we have absolutely no doubt that if the opportunity presented itself for South Africans to invest in the Springboks, they will do so in the millions,' Karan said.
Cineworld to close down six cinemas - full list
The company is closing branches as part of a cost cutting exercise
Forex Today: US CPI data and BoC rate decision to lift market volatility
Here is what you need to know on Wednesday, December 11: The US Dollar (USD) stays resilient against its major rivals early Wednesday, with the USD Index holding comfortably above 106.00.
British American Tobacco reaffirms full-year guidance
British American Tobacco reaffirmed its full-year guidance for 2024 on Wednesday, supported by a stronger second half driven by investments in its US commercial operations and innovation in its ‘New Categories’ portfolio.
British American Tobacco on track to make more money as sales of vapes rise
The company said in a trading update that it had about 40% vaping market share across key markets like the US and the UK with its Vuse products
BoC Governor Macklem speaks on outlook after cutting policy rate by 50 bps to 3.25%
The Bank of Canada (BoC) will announce its decision on monetary policy on Wednesday.
Zara owner sees sales growth slow at start of pivotal Christmas shopping season
Inditex said sales in the first nine months of its year increased by 10.5% on a constant currency basis, but added that growth had slowed to 9% in the five weeks to December 9
USD/CAD trades sideways below 1.4200 ahead of US inflation, BoC policy meeting
The USD/CAD pair consolidates in a tight range below the round-level resistance of 1.4200 in the European trading session on Wednesday.
Stock Market Today: Stocks mixed with CPI inflation report up next
Check back for updates throughout the trading day
Mexican Peso ticks up as US CPI backs hopes of a Fed cut
The US Dollar is gaining momentum with investors wary of risk ahead of the release of US CPI data for November.
Time names AMD boss Lisa Su the CEO of the year
Time notes that AMD's stock price has increased 50-fold in the decade since Su took over. She arrived at a firm in debt that had fired 25%...
Goldman analyst reboots Tesla stock price target with record high in sight
Tesla shares moved higher in early Wednesday trading, putting them within striking distance of a fresh all-time peak, following a big price-target upgrade from a top Wall Street analyst.
US Dollar tries to keep gains for a fourth straight day despite flat CPI
The US Dollar (USD) is holding on to minor gains on Wednesday after the US Consumer Price Index (CPI) came broadly in line of expectations. No real outliers with the Monthly Headline Inflation coming in at 0.3% while the monthly Core Inflation
Apple's UK engineering teams have doubled in size in five years, says tech giant
The US tech giant said it now supported 550,000 jobs in the UK through direct employment, its supply chain and the economy around its App Store
CPI Inflation report builds on case for December Fed interest rate cut
Updated at 8:54 AM EST
Zahid offers R22.8bn for Barloworld
The Saudi heavy machinery group is betting on a surge in construction activity on the continent.
ProCook sales on the up as new stores help offset weak trading around the Budget
The high-street firm, which runs 64 UK shops, hailed a 'strong performance' over the latest half-year but saw like-for-like growth slow in more recent weeks
Krispy Kreme cyberattack impacts online orders and operations
US doughnut chain Krispy Kreme suffered a cyberattack in November that impacted portions of its business operations, including placing online orders.
Gold soars as US CPI fuels expectations for Fed easing
Gold prices prolonged their uptrend on Wednesday following the release of inflation figures in the United States (US).
Mexican Peso strengthens as US CPI supports Fed rate cut speculation
The Mexican Peso extended its gains on Wednesday after US economic data showed that November inflation was aligned with estimates, cementing the case for an interest rate cut by the Federal Reserve (Fed).
Dow Jones Industrial Average waffles after US CPI print matches expectations
The Dow Jones Industrial Average (DJIA) spun in a tight circle on Wednesday, keeping close tabs on the 44,200 level after US Consumer Price Index (CPI) inflation broadly met market expectations.
last updated on 11 Dec 23:24