News
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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
Japan's top auto labour union group chief says no option to scale back wage demand next year
TOKYO, Nov 14 (Reuters) - Japan's top automobile industry union group has no plans to scale back its demand for wage talks next year despite a heavy drag on the sector's earnings from U.S. tariffs, its chief told Reuters on Friday. "With prices continuing to rise and real wages still la...Reuters
Fri, Nov 14
ECB’s Kazāks: The central bank brings back inflation to its 2% target
European Central Bank (ECB) policymaker and Governor of the Central Bank of Latvia Mārtiņš Kazāks said during the European trading session on Friday that there is no need to adjust interest rates in the current situation.Fxstreet
Fri, Nov 14
Richemont Chairman hopeful for Swiss agreement with US to reduce tariffs
ZURICH, Nov 14 (Reuters) - Richemont CFR.S is hopeful that Switzerland and the United States will move close to a deal to reduce U.S. import tariffs of 39% on Swiss exports in the next two weeks, Chairman Johann Rupert said on Friday.Rupert said he thought the "misunderstanding" between Wash...Reuters
Fri, Nov 14
WRAPUP 4-China's economy jolted by weakest factory output, retail sales growth in over a year
China's factory output and retail sales hit weakest pace in over a yearData highlight twin economic challenges of low domestic demand, trade-war strains Policymakers face urgent need for reform amid economic pressuresBy Joe Cash BEIJING, Nov 14 (Reuters) - China's factory output and reta...Reuters
Fri, Nov 14
EUR/GBP gathers strength above 0.8850 amid UK fiscal worries, weak GDP data
The EUR/GBP cross attracts some buyers to around 0.8860 during the early European session on Friday. The Pound Sterling (GBP) weakens against the Euro (EUR) amid rising concerns over fiscal discipline and political stability in the United Kingdom (UK).
Fxstreet
Fri, Nov 14
