Asian Tech Stocks Slide as Fed Rate Hike Bets Rise 
Asian Currencies Mixed as Yen Nears 160, Oil Surges 
US Stock Futures Fall as Iran Strikes, Fed Rate Fears Rise 
Bessent Urges G20 to Rethink China Trade Ties 
Canadian Dollar Slides as Fed Rate Hike Bets Boost US Dollar 
France Inflation Accelerates to 2.7% in August 
Fed Chair Warsh Faces Key Jackson Hole Test 
UAE Central Bank Probes Banque Misr Over Iran Links 
Bessent Says Yen Moves Contained as BOJ Rate Decision Looms 
US Dollar Hits Two-Week High After Hawkish Fed Speech 
China Manufacturing PMI Contracts Again as Recovery Remains Fragile 
Japan Industrial Output, Retail Sales Beat Forecasts in July 
US Treasury Plans Weekly Iran Sanctions Push 
Citi Sees Signs of Shift in Global Currency Policy 
Gold Prices Tumble 3% After Hawkish Fed Speech Boosts Dollar 
Tokyo Inflation Rises in August as BOJ Rate Hike Bets Grow 
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US dollar index is trading in a narrow range between 106.33 and 106.96 in past one week due to mixed US economic data.
As of November 14, 2024, the Producer Price Index (PPI) showed no change from the previous month, while the core PPI rose by 0.2%. Jobless claims slightly improved, with initial claims falling to 221,000 but continuing claims rising to 1.892 million. Retail sales increased by 0.4% in October, exceeding expectations, while industrial production fell by 0.3%. Consumer sentiment declined to 70.5, suggesting people are becoming more cautious. Inflation expectations hit a four-year low, indicating easing price pressures. Overall, the economy shows mixed signals, with strength in retail but weakness in production and claims. These trends will be important for policymakers moving forward.
Recent reports on the Consumer Price Index (CPI) and Producer Price Index (PPI) have changed expectations for a Federal Reserve rate cut. The chance of a rate cut in December has increased to about 80%, up from around 60% beforehand. Traders widely believe the Fed will lower interest rates by 25 basis points. This development shows growing confidence that the Fed will respond to the economic data. Overall, the situation suggests a likely move towards easing monetary policy.
Next week, several countries are set to announce their estimates for October consumer inflation
Canadian CPI Data
Release Date: Tuesday, November 19, 2024.
UK CPI Data
Release Date: Wednesday, November 20, 2024.
