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25th November 2025 | view in browser
Calm before the data storm

Tuesday FX trading has been muted thus far as markets wait for a heavy slate of U.S. data—most notably September retail sales, PPI, and November consumer confidence—which together could influence already rising expectations for a December Fed rate cut, now supported by reports that Fed Chair Powell is preparing to push easing through a divided FOMC.
 
 

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