- Israel's army said its killed top commander of Palestinian militant group Islamic Jihad
- Elon Musk just unveiled the Robotaxi at Tesla's "We, Robot" event
- TGI ... more Fed speakers again today! Logan, Bowman, Goolsbee all on the agenda
- China will follow up Saturday's stimulus briefing with another on Monday
- More rate cuts to come from the Bank of Korea
- IKEA calls for more China stimulus as sales slip
- Reminder - Hong Kong marekts are closed for a holiday today
- PBOC sets USD/ CNY reference rate for today at 7.0731 (vs. estimate at 7.0737)
- Bank of Korea rate cut as expected, base rate to 3.25% from 3.5%
- Singapore's central bank meets Monday, expected to maintain steady policy
- JP Morgan projects US inflation to gradually return to Fed target rate
- ‘Bond king’ Bill Gross says stock market’s record-setting run will slow
- Barclays on the risk of $15 jump higher for oil prices
- "Tesla robotaxi event comes after a decade of unfulfilled promises from Elon Musk"
- Trump's desire to trash the US dollar could be blocked by the Fed & China
- Forexlive Americas FX news wrap: US CPI higher than expected
- Here's why you should wear a "Make Fed Speeches Great Again" hat
- New Zealand food price index +0.5% m/m in September (prior +0.2%)
- New Zealand manufacturing PMI for September improves to a still dire 46.9 (prior 46.1)
- Bostic is at it again - suggests 'totally comfortable' with a November Fed pause
- Biden and Netanyahu 'made significant progress' on limiting strike on Iran
- US stocks close modestly lower in up and down trading
- Trade ideas thread - Friday, 11 October, insightful charts, technical analysis, ideas
It was a day of subdued trading for major FX following the swings during the CPI/Bostic impacted US Thursday.
News and data flow was very light.
There was some thought we might have heard more on how the US and Israel are negotiating on a response to Iran but there hasn’t been much new on this.
As I update mainland Chinese equities are heavier in morning trade. Hong Kong markets were closed for a holiday. On Saturday China's Finance Ministry will hold a press briefing on fiscal policy and economic development at 10 am Beijing time (0200 GMT, 2200 US Eastern time). This will be followed on Monday by another press briefing, this time from China's Infrastructure Ministry, Ministry of Industry and Information Technology, and State Administration for Market Regulation. This will be at 10 am Beijing time too. The yuan traded a little firmer.
In equity market news, Musk unveiled the Tesla Robotaxi / Cybercab at his event Thursday evening.
Robotaxi