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USD/JPY remains subdued near 153.50 due to safe-haven demand
USD/JPY extends its losses for the second consecutive day, trading around 153.50 during the Asian hours on Wednesday. The pair depreciates as the Japanese Yen (JPY) gains ground amid increased safe-haven demand, driven by a global selloff in risk assets.
Fxstreet
Wed, Nov 5
BREAKINGVIEWS-Wall Street finds limits in Hong Kong’s comeback
By Una Galani HONG KONG, Nov 5 (Reuters Breakingviews) - A sense of relief permeated Hong Kong’s annual gathering of Global Financial Leaders this week as a truce in the Sino-American trade war and a rebound in Chinese equities set a relaxed tone for discussions. An impressive roster of executive...Reuters
Wed, Nov 5
Chinese economy to exceed $23.8 trillion by 2030, premier says
Premier Li Qiang says China is a big opportunity amid rising trade barriersCriticises tariffs as undermining economic and trade rulesSays China wants to reform the global trading system Sceptics point to China's growing trading surpluses By Brenda Goh SHANGHAI, Nov 5 (Reuters) - Premier L...Reuters
Wed, Nov 5
USD/INR holds above 88.50 amid thin trading due to the Indian bank holiday
USD/INR moves little after registering mild gains in the previous session, trading around 88.70 during the Asian hours on Wednesday. The pair is likely to see limited movement amid thin trading as markets observe a bank holiday in India.Fxstreet
Wed, Nov 5
US President Donald Trump says he met with Swiss officials, signals progress on tariff dispute
US President Donald Trump said that he met with Swiss officials to discuss trade and other issues and announced additional trade talks, as the European nation seeks to reduce a tariff rate that ranks higher than any other developed nation, Bloomberg reported on Tuesday.Fxstreet
Wed, Nov 5
NZD/USD slumps below 0.5650 as New Zealand Unemployment Rate hits nine-year high
The NZD/USD pair tumbles to near 0.5640, the lowest since April 10, during the early Asian session on Wednesday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) after New Zealand’s jobless rate rose to the highest in nine years in the third quarter (Q3).
Fxstreet
Wed, Nov 5
Tesla's UK car sales halve in October, New Automotive data shows
Nov 5 (Reuters) - Tesla's UK TSLA.O car sales halved year-over-year in October, data from research group New AutoMotive showed on Wednesday, echoing the steep falls the U.S. electric vehicle maker saw in other European countries.There were only 495 new Tesla UK registrations in the month, down ...Reuters
Wed, Nov 5
