RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Trump and Lula Discuss Trade, Sanctions, and Security in “Productive” Phone Call 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Most Asian currencies traded in tight ranges on Friday, showing limited gains despite a weaker U.S. dollar, as market sentiment stayed cautious amid ongoing equity market sell-offs. The Chinese yuan slipped after data revealed the country’s exports contracted for the first time since March 2024, while its trade surplus narrowed unexpectedly, signaling continued economic headwinds.
The USD/CNY pair rose about 0.1% after October’s trade figures highlighted slowing export growth due to persistent trade frictions with the U.S., which eased only after a late-October agreement. Imports also rose at a slower pace, underlining weak domestic demand in China, the world’s second-largest economy.
Meanwhile, the U.S. dollar retreated from recent three-month highs following weak employment data. Reports from Challenger, Gray & Christmas showed U.S. job cuts surged to over 150,000 in October — the highest in 20 years — amplifying fears of a cooling labor market. Traders are now pricing in a 65.8% chance of a Federal Reserve rate cut in December, up from 59.8% a day earlier, according to CME FedWatch. The greenback’s weakness came as investors focused more on private labor data amid a delayed release of official figures due to a prolonged U.S. government shutdown.
In Japan, the yen weakened as disappointing wage and spending data dampened hopes for near-term interest rate hikes by the Bank of Japan. The USD/JPY pair gained slightly on Friday but was still down 0.6% for the week.
Across the region, other Asian currencies traded mixed. The USD/SGD rose 0.1%, USD/TWD dipped 0.1%, while USD/KRW climbed 0.5% as foreign capital outflows hit South Korean equities. The AUD/USD slipped 0.1%, and the USD/INR held steady above 88 rupees.
