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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
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
