BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls 
EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
The U.S. Treasuries continued to fall Friday after the Federal Reserve kept its interest rates outlook unchanged in its last monetary policy meeting of this year concluded Wednesday.
The yield on the benchmark 10-year Treasuries climbed 1-1/2 basis points to 2.36 percent, the super-long 30-year bond yields rose nearly 1 basis point to 2.72 percent and the yield on the short-term 2-year traded nearly 1-1/2 basis points higher at 1.82 percent by 10:20GMT.
As expected by everyone, the Fed hiked the target range by 25 basis points to 1.25-1.50 percent. In line with market expectations, the median dots still signal three hikes in 2018 and slightly more than two in 2019. The longer-run dot was unchanged at 2.75 percent. The Fed still says that it is monitoring inflation ‘closely’. The Fed said it will stop commenting on the balance sheet reduction at every meeting and it will just run in the background unless something happens.
In the US, the November industrial production report is due along with the Empire Manufacturing survey for December. As far as the IP data go, firm job growth in the factory sector, as well as a buoyant production index on the ISM survey, suggests that we should see another solid gain in manufacturing output in November.
Moreover, higher crude oil prices are also likely to have incentivized greater activity in the mining sector. All in, our US chief economist Mike Moran looks for a gain of 0.5 percent m/m following growth of 0.9 percent m/m in October.
Meanwhile, the S&P 500 Futures traded 0.16 percent higher at 2,660.35 by 11:05GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained highly bearish at -104.27 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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