Daily Global Forex Market Highlights (December 6)

< span class = "section-news" > 1. The opposition Democratic Party of South Korea is likely to vote to impeach Yoon Seok-yeok at 4 pm Beijing time on Saturday, two hours earlier than originally planned. < br > < span class = "section-news" > 2. The leader of South Korea's ruling party will continue to demand that Yoon Seok-yeok stop performing his presidential duties. < br > < span class = "section-news" > 3. Traders: South Korea's foreign exchange administration may be selling dollars to curb the depreciation of the Korean won. < br > < span class = "section-news" > 4. French President Macron: A new prime minister will be appointed in the next few days. The new government will draft a new budget bill early next year. < br > < span class = "section-news" > 5. The Reserve Bank of India cut the reserve requirement ratio by 50 basis points to 4%, against market expectations of 4.5%. < br > < span class = "section-news" > 6. The Reserve Bank of India will introduce a new base rate called the guaranteed overnight rupee rate. < br > < span class = "section-news" > 7. The Argentine central bank has raised the base rate to 32% from 35% previously. < br > < span class = "section-news" > 8. Reuters survey: All 44 economists surveyed believe the Reserve Bank of Australia is expected to leave its benchmark interest rate unchanged at 4.35% on December 10. Reuters survey: The Reserve Bank of Australia is expected to cut interest rates by 25 basis points to 4.10% in the second quarter of 2025 (expected in the first quarter at the time of the November survey). < br > < span class = "section-news" > 9. Fitch Ratings: The Federal Reserve is no longer expected to cut interest rates further in 2026. A significant increase in U.S. tariffs is expected next year, but the scale, scope and timing of the increase are uncertain.