News
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USD/CNH: Likely to trade in a range between 7.1020 and 7.1170 – UOB Group
US Dollar (USD) is likely to trade in a range between 7.1020 and 7.1170. In the longer run, if USD breaks above 7.1170, it would mean that the weakness in USD has stabilized, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Nov 19
Fed minutes expected to detail a policy divide that may be deepening
Fed's October 28-29 meeting led to rare dissents on policy directionLack of data has clouded US central bank's policy outlookInvestors see 50% chance of December rate cutBy Howard Schneider WASHINGTON, Nov 19 (Reuters) - The minutes of the U.S. central bank's October 28-29 meeting cou...Reuters
Wed, Nov 19
Japan policymakers agree to watch market with 'strong sense of urgency', yen weakens
BOJ Ueda meets ministers, reaffirms vigilance to market movesGovt, BOJ reaffirm resolve to achieve stable inflation with wage gainsKatayama says 'no objection' to BOJ's adjustment of monetary supportMeeting comes amid yen falls driven by Takaichi's spending planStimulus package could...Reuters
Wed, Nov 19
Japan’s FM Katayama: Stresses on government-BoJ cooperation to achieve price stability
Japan’s Finance Minister (FM) Satsuki said after a meeting with government ministers and Bank of Japan (BoJ) Governor Kazuo Ueda that the administration and the central bank will work closely towards sustainably achieving price increase.Fxstreet
Wed, Nov 19
Nasdaq 100 breaks 50-DMA, tests key supports – Société Générale
The Nasdaq 100 has closed below its 50-DMA for the first time since May and broken a multi-month ascending trend line, signalling renewed downside pressure, Société Générale's FX analysts note, Société Générale's FX analysts note.Fxstreet
Wed, Nov 19
UK consumer price inflation eases to 3.6% in October
UK CPI falls to 3.6% in October from 3.8% in SeptemberDrop in CPI is first since May, was at 18-month highBoE expected to cut rates to 3.75% from 4% in DecemberReeves says she will seek to lower living costs in budgetBy David Milliken and Suban Abdulla LONDON, Nov 19 (Reuters) - British inflation...Reuters
Wed, Nov 19
UK's Reeves says leaks about the upcoming budget 'not acceptable'
LONDON, Nov 19 (Reuters) - British finance minister Rachel Reeves said on Wednesday that leaks about the budget were "not acceptable" after a report last week that she had abandoned plans to raise income tax sent bond prices tumbling.Reeves is expected to need to raise tens of billions of po...Reuters
Wed, Nov 19
