- China's Central Bank Governor is closely watching debt risks in various sectors
- China's robust vehicle sales surge, NEV market shines
- Nvidia set to launch sanctions-busting AI chips to the Chinese market
- PBOC adviser says China's economy will beat pessimism and grow over 5%
- EU, US, and UAE lead global coalition to phase out coal and triple renewable energy
- European Central Bank big guns Lagarde and Nagel speak Friday
- PBOC sets USD/ CNY reference rate for today at 7.1771 (vs. estimate at 7.2963)
- Saudi Arabia's oil minister blames speculative activity, OPEC exports for falling prices
- RBA raises the alarm: Inflation risk is higher for longer
- Citadel head Griffin on a new era of deglobalization, predicts decades of higher inflation
- Japanese Government 886bn JPY fiscal injection - second extra budget planned
- JPMorgan is not fully on board with Powell's message re more to be done on inflation
- ECB's Vujcic is upbeat about a eurozone soft landing, still has a data dependent rate view
- Hidden excess: New study reveals surprising amount of US savings - soft landing ahead
- BlackRock's Ethereum ETF plan confirmed in Nasdaq filing
- Forexlive Americas FX news: Close the flippin' door on the bond rally
- New Zealand Manufacturing PMI drops to 42.5 in October 2023
- Trade ideas thread - Friday, 10 November 2023
- US stock indices end winning streaks, Fed Chair Powell expresses doubt
Major FX rates barely strayed from a flat line during the session so far here. The wild moves seen during US markets dampened down significantly.
New Zealand manufacturing PMI slumped further into contraction in October.
From Australia we had the latest Reserve Bank of Australia Reserve Bank of Australia Statement on Monetary Policy (SoMP), a document released each quarter with updated economic forecasts, and the Bank's assessment on the balance of risks to the outlook on the economy and inflation. The Bank made upward revisions to its forecast profile for inflation, both headline and core, trimmed mean. The RBA cited surges in immigration and infrastructure spending for higher for longer inflation. More in the bullets above.
AUD, along with other major FX, did little.
ETH rose on the back of the BlackRock ETF plan:
