Japanese Yen Nears Seven-Month High as Oil Approaches $100 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
Iran Threatens Gulf Energy Assets as U.S. Tensions Escalate 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
U.S. Stock Futures Steady as Oil Tops $100 Ahead of Inflation Data 
China Inflation Accelerates in August as CPI, PPI Rise 
Hormuz Shipping Slows as Iran Threats Lift Oil Risks 
Oil Prices Hold Near Highs as U.S.-Iran Conflict Escalates 
Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
German Inflation Accelerates to 2.9% in August 
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
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Dollar Maintains Stability Amid U.S. Jobs Report and Fed Speculation
The U.S. dollar held steady against major currencies on Friday as investors anticipated the latest U.S. nonfarm payrolls report. This report is expected to shed light on the economy's resilience ahead of the Federal Reserve's meeting and the tight U.S. presidential race next week.
Yen Gains as BOJ Hints at Future Rate Hikes
The Japanese yen maintained Thursday's gains after the Bank of Japan (BOJ) hinted at a potential shift away from its ultra-loose monetary stance. While the BOJ kept rates low, economists from Morgan Stanley MUFG suggest a December rate hike is now more likely, with a January increase to 0.5% remaining in their base case. Key factors such as yen-dollar exchange rates and upcoming inflation data may influence BOJ's decision.
U.S. Dollar Sees Monthly Gain
Despite a recent dip, the U.S. dollar logged its largest monthly gain since September 2022 in October, driven by tempered expectations for aggressive Fed rate cuts. The dollar index rose slightly to 103.94, while the yen traded at 152.18 per dollar.
Euro and Pound Under Pressure
The euro, hovering near a two-week high, was marginally lower at $1.0879 after data showed an unexpected rise in eurozone inflation. Meanwhile, the British pound faced selling pressure, trading at $1.2895, following Finance Minister Rachel Reeves's announcement of the largest tax hike since 1993.
China’s Manufacturing Rebounds
China’s manufacturing sector saw growth in October, with new orders boosting production. Additionally, home prices rose, suggesting economic stability despite global headwinds.
