FX markets

Daily Market View 03-12-2025

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1:14

US Dollar Softening Across the Board, with Focus on Next Fed Chair

1 Minute Market Rundown

GBP and EUR reach 1 month high against UDS as choice of Powell successor suggests lower rates later.
PMI data only major releases today, will be interesting to see how consumers are feeling and spending just ahead of Christmas.

USD-

There's not much to report on today, movements are small and most things are pretty well expected. One item that hasn't been quite priced in by the market is the likelihood that Kevin Hassett will be the man to replace Powell at the top of the Fed come May.

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PMI data releases all day, with all 3 of the major blocs we examine printing figures. Eurozone data is already out and suggesting a slightly better feeling amongst Euro citizens that first anticipated. How US and British consumers feel, is soon to come.

Markets Today

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Today's Economic Calendar

Major Economic Releases (All times in GMT)

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