Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets 
Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
The U.S. Treasuries jumped Wednesday ahead of the country’s manufacturing PMI for the month of October and the 5-year auction, both scheduled for today at 19:15GMT and 22:30GMT. Also, FOMC members Bullard, Bostic and Mester are scheduled to deliver their speeches today by 21:00GMT, 22:30GMT and 22:40GMT respectively.
The yield on the benchmark 10-year Treasuries plunged 3-1/2 basis points to 3.132 percent, the super-long 30-year bond yields slumped 2-1/2 basis points to 3.339 percent and the yield on the short-term 2-year too traded 2-1/2 basis points lower at 2.867 percent by 10:45GMT.
In the US, the Beige Book will provide updated evidence on economic activity from the regional Fed offices, while today’s other notable economic data releases – the FHFA Home Price index and new Home Sales – will focus on the residential property market.
Meanwhile, the S&P 500 Futures traded 0.62 percent lower at 2,729.50 by 10:50GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained highly bullish at 100.06 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
