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Fed's Schmid: inflation is too hot, policy is where it should be
Nov 14 (Reuters) - Kansas City Federal Reserve President Jeffrey Schmid on Friday said his concerns about "too hot" inflation go well beyond the narrow effects of tariffs alone, in fresh remarks that signaled he could dissent again at the Fed's December meeting should policymakers opt to...Reuters
Fri, Nov 14
TREASURIES-US yields dip as bonds seen safer than retreating stocks
By Alden Bentley NEW YORK, Nov 14 (Reuters) - U.S. Treasury buying pushed yields lower on Friday, as a selloff on Wall Street saw investors seek less-risky assets while they marked time for the reopened government to resume publishing economic indicators.The yield on the benchmark U.S. 10-year Tr...Reuters
Fri, Nov 14
US Bureau of Economic Analysis working on new economic data calendar post-shutdown
WASHINGTON, Nov 14 (Reuters) - The Commerce Department's Bureau of Economic Analysis said on Friday it was working to update its schedule of economic data releases affected by the recently ended government shutdown."BEA is consulting with the U.S. Census Bureau, the Bureau of Labor Statistic...Reuters
Fri, Nov 14
China vows to boost consumption, better balance demand and supply
BEIJING, Nov 14 (Reuters) - China's cabinet pledged on Friday to boost consumption by better aligning supply with demand and relying on consumption upgrades to drive industrial upgrades, according to a meeting readout aired by state broadcaster CCTV.The cabinet also said it would create a favour...Reuters
Fri, Nov 14
Cartier-owner Richemont shrugs off tariffs, high gold prices as China improves
Sales at constant exchange rate +14%, +8% at real FX rateChairman notes early signs of demand recovery in ChinaUS-Swiss trade talks aim to reduce 39% tariffs on Swiss importsBy John Revill and Tassilo Hummel ZURICH, Nov 14 (Reuters) - Cartier-owner Richemont CFR.S reported quarterly sales well ah...Reuters
Fri, Nov 14
USD/CNH: Major support at 7.0885 is likely out of reach for now – UOB Group
Further USD declines are not ruled out, but major support at 7.0885 is likely out of reach for now. In the longer run, USD remains negative, and the next level to watch is 7.0885, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Nov 14
RUB: Fundamental weaknesses to manifest – Commerzbank
USD/RUB and EUR/RUB are not market-driven exchange rates. Sanctions have decoupled the Rouble from fundamentals for the most part. Even so, the currency remains susceptible to long-term underlying pressures, which will gradually build up.Fxstreet
Fri, Nov 14
Japan's automotive union group vows no retreat on wage demands despite tariff pain
JAW determined to maintain wage momentum despite U.S. tariff impactKaneko emphasizes wage hikes to sustain consumption and growth cycleBOJ monitors wage talks, auto sector crucial for interest rate decisionsBy Makiko Yamazaki and Kentaro Sugiyama TOKYO, Nov 14 (Reuters) - Japan's top automobi...Reuters
Fri, Nov 14
Japan's megabanks lift profit forecasts to record highs, step up buybacks
Japan's megabanks raise profit forecasts again to new recordsDomestic interest rate hikes feed into higher lending marginsCorporate activity strong as tariff uncertainty easesBy Anton BridgeTOKYO, Nov 14 (Reuters) - Japan's largest banks raised their annual profit forecasts and expanded shar...Reuters
Fri, Nov 14
USD/CNH stalls below 50-DMA – Société Générale
USD/CNH remains capped by the 50-day moving average at 7.12 and is now testing the lower edge of its range near 7.08, with failure to break higher opening the door to declines toward 7.05 and 7.02/7.01, Société Générale's FX analysts note.
Fxstreet
Fri, Nov 14
EUR/CHF breaks 2024 lows as downtrend deepens – Société Générale
EUR/CHF has slipped below its 2024 and October lows after failing at the 0.93 trend-line resistance, with bearish momentum suggesting the downtrend may extend toward 0.9170/0.9160 and potentially 0.9100, Société Générale's FX analysts note.
Fxstreet
Fri, Nov 14
China: Investment decelerated in October – Standard Chartered
FAI continued to ease across sectors, while consumption remained solid in October. IP growth moderated, along with weak investment and exports. Overcapacity management and insufficient funding may have constrained investment, Standard Chartered's economists report.Fxstreet
Fri, Nov 14
NOK suffers more from risk aversion than SEK – Commerzbank
Analysts note that while both Scandinavian currencies are sensitive to risk sentiment, the Norwegian krone consistently shows a stronger negative reaction to rising risk aversion than the Swedish krona, reflecting its lower liquidity and heavier reliance on oil., Commerzbank's FX analyst Michael Pfi
Fxstreet
Fri, Nov 14
Stronger CNY despite weaker data – Commerzbank
The People's Bank of China set its USD/CNY fix at 7.0825 this morning, signalling for the seventh straight week that it prefers a stronger CNY. Since the end of September, USD/CNY has fallen by a total of 0.5% (stronger CNY). At first glance, this may not seem like much.Fxstreet
Fri, Nov 14
