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Russia’s Inflation is Expected to Continue to Soften in December
December 22, 2025 2:11 PM UTC
Bottom Line: After edging down to 6.6% in November, we expect Russian inflation to continue its decreasing pattern in December owing to lagged impacts of previous aggressive monetary tightening and relative resilience of RUB. December inflation figures will be announced on December 29, and we forese
Psychology for major markets Dec 24
December 24, 2025 9:03 AM UTC
EUR/USD – EUR/USD is consolidating recent gains as holiday mood persists.
USD/JPY – More selling momentum following through. After multiple verbal intervention attempt, JPY is retreating more recent high. Yet, progress in year end illiquid times may not be the stroy in the new year.
EUR/GBP – EU
FX Weekly Strategy: Europe, December 22nd - January 2nd
December 24, 2025 5:04 AM UTC
USD should be well supported by Q3 GDP
JPY the focus as it hits new lows in real trade-weighted terms
Japanese FX intervention looks necessary to reverse JPY weakness – probability of intervention now high
AUD and NOK look undervalued
Asia Open - Overnight Highlights
December 24, 2025 12:00 AM UTC
EMERGING ASIA
EM currencies are trading mostly stronger against the greenback as the USD seem no rebound until the U.S. session, triggered by strong GDP figure. The biggest winners are MYR 0.34%, followed by SGD 0.27%, THB 0.19%, CNH 0.17%, CNY 0.11%, HKD 0.04% and TWD 0.03%; while the biggest losers