19/11/2025
The USD stands to benefit from safe-haven demand and strong US employment data, while the GBP and EUR face downside risks from political uncertainty and potential rate cuts.
Geopolitical risks will also influence market sentiment, with ongoing uncertainty surrounding Russia and Ukraine likely to support safe-haven currencies.
Currency markets remain finely balanced, with central bank policies and inflation data dominating sentiment. As we close out November, key events like Eurozone inflation and US macroeconomic indicators will set the tone for December’s trading dynamics.
The markets remain subdued in light of limited US participation due to Thanksgiving. Key upcoming data releases, particularly German CPI and Eurozone sentiment, are expected to provide direction. Major currency pairs are consolidating, reflecting the broader market caution and reduced activity.
This week’s focus remains on the release of key US economic data, particularly PCE inflation and GDP figures, which are likely to set the tone for major currency pairs.
This week, global currencies are navigating heightened volatility driven by geopolitical developments, trade tensions, and evolving central bank policies. With major data releases and speeches ahead, markets are likely to see sharp moves as investors seek clarity on future economic directions.