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USD/CNH: Likely to trade between 7.1220 and 7.1320 – UOB Group
US Dollar (USD) is likely to trade between 7.1220 and 7.1320. In the longer run, USD could drop to 7.1130; a clear break below this level will shift the focus to 7.1000, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Oct 24
RPT-BREAKINGVIEWS-Extended data blackout threatens to vex Fed policy
By Gabriel RubinWASHINGTON, Oct 23 (Reuters Breakingviews) - Fresh evidence will soon be available about the comparative value of contradictory data versus none at all. A statistical blackout during the U.S. government shutdown is leaving investors and other consumers of top-notch national labor inf...Reuters
Fri, Oct 24
US firms grapple with economic divide as lower income struggles mount
Companies catering to low-income consumers face sales, profit challengesCredit markets shaken by bankruptcies of lenders to low-income consumersAffluent consumers remain resilient, driving overall spending despite inflationBy Juveria Tabassum and Niket Nishant Oct 24 (Reuters) - U.S. companies a...Reuters
Fri, Oct 24
POLL-Bank of Canada to cut interest rate once more on October 29, say economists
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=CABOCR%3DECI BoC poll datareuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=CAGDPQQP poll dataBy Indradip Ghosh BENGALURU, Oct 24 (Reuters) - The Bank of Canada will reduce its overnight interest rate by 25 ba...Reuters
Fri, Oct 24
When is the US flash S&P Global PMI and how could it affect EUR/USD?
The preliminary United States (US) S&P Global Purchasing Managers’ Index (PMI) data for October is due for release today at 13:45 GMT. The report is expected to show that the overall business activity in the private sector grew at a moderate pace.
Fxstreet
Fri, Oct 24
Cost-of-living worries haunt Americans ahead of midterms, Reuters/Ipsos poll finds
Healthcare costs are top expense voters want Congress to addressDemocrats seen stronger on healthcare, Republicans on economyStrong support for voter ID and property tax caps among AmericansBy Jason Lange and James Oliphant WASHINGTON, Oct 24 (Reuters) - Americans are worried about the cost of ba...Reuters
Fri, Oct 24
US government shutdown will inflict temporary pain to economy
About 700,000 federal workers furloughed, nearly as many working without payFood stamps at risk in states like New York and Texas if shutdown continuesOxford Economics warns of $800 million daily disruption in federal contract awardsBy Lucia MutikaniWASHINGTON, Oct 24 (Reuters) - A prolonged shutdow...Reuters
Fri, Oct 24
GBP/USD might test the 1.3295 level – UOB Group
Pound Sterling (GBP) could test the 1.3295 level; a sustained drop below this level is unlikely. In the longe run, for a continued decline, GBP must first close below 1.3295, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Fxstreet
Fri, Oct 24
USD: Long-awaited CPI may not tell us much – ING
Today’s US CPI for September ends a long drought of hard data due to the shutdown. But we don’t expect it to generate a material pick-up in FX volatility. Our call for core CPI is 0.3% MoM and 3.2% YoY – very close to the consensus 0.3%/3.1%.Fxstreet
Fri, Oct 24
Euro zone business activity growth accelerates as demand jumps, PMI shows
Germany's private sector records strongest growth in nearly 2-1/2 yearsFrance's activity declines amid volatile political climateEuro zone services sector leads expansion, manufacturing shows marginal growthBy Jonathan Cable LONDON, Oct 24 (Reuters) - Euro zone business activity unexpecte...Reuters
Fri, Oct 24
Japan's new premier pledges early boost to defence spending, 'proactive' fiscal policy
Aim to reach defence spending goal of 2% of GDP in fiscal 2025Focus on the debt-to-GDP ratio instead of primary budget balanceTo signal willingness to bump defence build-up beyond 2% thresholdBy Makiko Yamazaki TOKYO, Oct 24 (Reuters) - Japan's new Prime Minister Sanae Takaichi pledged on Fri...Reuters
Fri, Oct 24
