EUR/USD holds firm around 1.1650 ahead of ECB signals – BBH

EUR/USD is steady near 1.1650 as ECB’s Isabel Schnabel signals comfort with markets pricing in a potential future rate hike, BBH FX analysts report.

Swaps curve points to steady ECB rates and gradual hikes

"EUR/USD is firm near 1.1650. ECB Executive Board member Isabel Schnabel signaled she’s 'rather comfortable' with market expectations that the next rate move is going to be a hike. The swaps curve implies steady ECB rates at 2.00% over the next twelve months and a full 25bps rate increase in the next two years. EUR/USD needs to break above resistance at 1.1690 to gain upside traction."

Dec 8, 2025

USD/CNH: Outlook for USD remains negative – UOB Group

US Dollar (USD) is likely to trade between 7.0620 and 7.0740. In the longer run, outlook for USD remains negative; the next level to watch is 7.0400, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

ECB’s Kazimir: Supports holding interest rates steady in December

European Central Bank (ECB) policymaker Peter Kazimir said in the European session on Monday that he doesn’t see any reason of monetary policy adjustment in the policy meeting this month.