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News / Other data

* The U.S. dollar weakened slightly against major currencies on Wednesday amid concerns that rising interest rates could push the U.S. economy into recession, while an easing of China's COVID restrictions boosted the yuan.

* Canada's dollar will rally over the coming year as major commodity consumer China loosens its COVID-19 restrictions and the Federal Reserve potentially concludes its campaign to increase interest rates, a Reuters poll showed.

* The Mexican peso will weaken only modestly in 2023 through a gathering economic slowdown as confidence in the country's moderate policies and manageable debt metrics remains high, a Reuters poll of currency strategists showed.

* Most Asian currencies kept to a tight range on Wednesday as markets weighed more signs of an economic reopening in China against growing concerns over a U.S. recession and rate hikes by the Federal Reserve.

* The dollar will rebound against most currencies over the coming months, with the growing threat of recession in the U.S. and elsewhere keeping it firm in 2023 through safe-haven flows, according to market strategists polled by Reuters.

Data inference

* No Major Event.

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