{
  "id": 19542493,
  "title": "Forex Today: Attention shifts to UK hard data and Fedspeak",
  "url": "https://urgent.news/2026/11/11/forex-today-attention-shifts-to-uk-hard-data-and-fedspeak",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-11T18:34:12.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/forex-today-attention-shifts-to-uk-hard-data-and-fedspeak-202611111834"
  },
  "original_language": "en",
  "account": "The US Dollar (USD) has notably strengthened, hitting levels not seen since April 2025 due to continued speculation about additional interest rate hikes from the Federal Reserve in their December meeting. The US Dollar Index (DXY) has reached new highs, just a few pips away from the crucial 103.00 mark, driven by a significant increase in US Treasury yields across the curve. On the economic calendar, the US will release Initial Jobless Claims, Existing Home Sales, and the EIA’s weekly report on US crude oil stockpiles. The Federal Reserve’s speakers, Hammack, Barr, Goolsbee, and Daly, are also expected. Meanwhile, the EUR/USD pair has fallen below the 1.1100 level, coinciding with the sharp rise in the USD, a trend that has persisted since May 2025. The ECB’s Vujčić and Lagarde are scheduled to address the market as there is no domestic news to speak of. GBP/USD has plummeted to four-week lows, touching the 1.3270-1.3260 range following the Dollar's robust performance. In the United Kingdom, the RICS House Price Balance, preliminary Q3 GDP Growth Rate, flash quarterly Business Investment figures, Balance of Trade results, Construction Orders/Output, Industrial/Manufacturing Production, and the NIESR Monthly GDP Tracker will be unveiled. USD/JPY has further climbed, reaching fresh two-month highs, nearing the critical 160.00 level. The weekly Foreign Bond Investment figures will be released, followed by Producer Prices and BoJ’s Asada’s speech. AUD/USD has dropped to levels not seen since January, supported by the increasingly favorable risk sentiment. Oz’s market will focus on the Consumer Inflation Expectations tracked by the Melbourne Institute and the RBA’s Baker's address. WTI futures have regained some momentum after three consecutive daily declines, reclaiming the $87.00 mark per barrel, buoyed by the resurgence of Middle East dynamics. Gold has continued its descent below the $4,000 mark per troy ounce, a trend driven by a stronger USD and higher US Treasury yields. Amidst the prevailing bearish sentiment, a US-Iran peace deal has offered some relief, slightly recovering gold's losses. Born in Argentina, Pablo has been deeply involved in FX markets and trading since his college days. On Wednesday, AUD/USD is expected to climb towards 0.6900, recovering from its March low as the USD struggles to maintain the momentum from the US CPI rally, anticipating a US-Iran peace deal. Meanwhile, hawkish remarks from FOMC members have nearly assured another December rate hike, which benefits USD bulls and could prevent the Aussie from further gains. Despite USD/JPY's efforts to capitalize on the previous day's strong gains, reaching near a one-month top, intervention risk supports the Yen, while hopes of a US-Iran peace deal limit the US Dollar's upside, keeping the pair below 159.00 for now. Gold has accelerated its daily decline, challenging the key $4,000 mark per troy ounce on Wednesday, as the USD strengthens, US Treasury yields rise, and the Fed's expectations of further rate hikes increase. The year 2026 has witnessed slowing growth and growing divergence within China's economy, highlighted by the widening gap between external and domestic demand, as well as between the new and old economies. Looking ahead to 2027, we examine the key challenges facing China. Brent crude has declined by about a third since mid-October, fueled by hopes of an ending Iran war, but diesel, freight, and fertilizer costs have stubbornly remained unchanged. These costs eventually impact US consumer prices throughout 2027, potentially keeping inflation high even as gasoline prices drop.",
  "summary": "The US Dollar (USD) has pushed harder, reaching levels last seen in April 2025 on the back of persistent bets over another interest rate hike by the Federal Reserve at its December gathering.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}