New Zealand Dollar Forecast: NZD/USD Establishes Ascending Channel

New Zealand Dollar Forecast: NZD/USD Establishes Ascending Channel https://www.dailyfx.com/forex/fundamental/us_dollar_index/daily_dollar/2022/02/28/New-Zealand-Dollar-Forecast-NZDUSD-Establishes-Ascending-Channel.html NZD/USD may stage further attempts to test the January high (0.6891) as an upward trending channel takes shape.

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DailyFX - Market News FX

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The Japanese Yen (JPY) attracts some dip-buying at the start of a new week and remains close to its highest level since November 14, touched against a weaker US Dollar (USD) on Friday.

USD/CAD holds onto Friday’s losses around 1.3800, investors await Fed-BoC policy 8 December 2025

The USD/CAD pair trades weakly near its 11-week low around 1.3800 during the Asian trading session on Monday.

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China's Trade Balance for November, in Chinese Yuan (CNY) terms, arrived at CNY792.57 billion, widening from the previous figure of CNY640.40 billion.

China Trade Balance USD came in at $111.68B, above expectations ($100.2B) in November 8 December 2025

China Trade Balance USD came in at $111.68B, above expectations ($100.2B) in November

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China Trade Balance CNY rose from previous 640.4B to 792.57B in November 8 December 2025

China Trade Balance CNY rose from previous 640.4B to 792.57B in November

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China Exports (YoY) CNY: 5.7% (November) vs -0.8%

China Exports (YoY) came in at 5.7%, above forecasts (3.8%) in November 8 December 2025

China Exports (YoY) came in at 5.7%, above forecasts (3.8%) in November

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West Texas Intermediate (WTI) US Crude Oil prices struggle to capitalize on a three-week-old uptrend and oscillate in a narrow band during the Asian session on Monday.

EUR/USD posts modest gains near 1.1650 amid Fed rate cut bets 8 December 2025

The EUR/USD pair posts modest gains around 1.1645 during the early Asian session on Monday. The prospect of a US Federal Reserve (Fed) rate cut at its December meeting on Wednesday could weigh on the US Dollar (USD) against the Euro (EUR).

AUD/USD holds steady below 0.6650, highest since September ahead of China's trade data 8 December 2025

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PBOC sets USD/CNY reference rate at 7.0764 vs. 7.0749 previous 8 December 2025

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GBP/USD consolidates around 1.3330 as traders await Fed rate decision 8 December 2025

The GBP/USD pair kicks off the new week on a subdued note and oscillates in a narrow trading band, around the 1.3320-1.3325 region, during the Asian session.

Gold Price Forecast: XAU/USD drifts higher above $4,200 on Fed rate cut expectations 8 December 2025

Gold price (XAU/USD) trades in positive territory near $4,205 during the early Asian session on Monday. The precious metal edges higher as markets widely expect the Federal Reserve (Fed) to cut interest rates at its December meeting on Wednesday.

Japan Trade Balance - BOP Basis dipped from previous ¥4347.6B to ¥2833.5B in October 7 December 2025

Japan Trade Balance - BOP Basis dipped from previous ¥4347.6B to ¥2833.5B in October

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Japan Gross Domestic Product Deflator (YoY) came in at 3.4%, above forecasts (2.8%) in 3Q 7 December 2025

Japan Gross Domestic Product Deflator (YoY) came in at 3.4%, above forecasts (2.8%) in 3Q

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Japan Bank Lending (YoY) registered at 4.2% above expectations (4%) in November

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New Zealand Dollar Forecast: NZD/USD Establishes Ascending Channel

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