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China: Manufacturing PMI contracts for the 7th straight month in October - UOB Group
China's official manufacturing PMI fell by a larger-than-expected 0.8 pt to 49.0 in October (Bloomberg est: 49.6, September: 49.8), UOB Group's Economist Ho Woei Chen report.

China: Strong Renminbi policy taking shape - Standard Chartered
China's leaders see a strong RMB as the core of the financially strong nation they aim to build. China will likely focus on productivity growth, maintain prudent macro policy to gain trust in RMB.

NZD/USD dives further, nears 0.5700 on weak Chinese data, risk aversion
The New Zealand Dollar (NZD) is trading lower for the third consecutive day on Friday, trading at 1.1720 at the time of writing and on track for a 0.45% weekly decline, after having been rejected at 0.5800 earlier in the week.

EUR/USD hovers near lows with Eurozone inflation on tap
EUR/USD shows marginal losses on Friday's early European session, trading at 1.1560 at the time of writing after being rejected at the 1.1580 area.

ECB's Kazaks: Signals no urgency for monetary policy adjustments
European Central Bank (ECB) policymaker and Governor of Central Bank of Latvia, Martins Kazaks, said during European trading session that risks to inflation and growth in the Eurozone are more balanced.

ECB's Muller: Economic situation improves gradually
European Central Bank's (ECB) economist Georg Müller commented during Friday's European session that current level of interest rates is appropriate and the economic situation has gradually improved.

Pound Sterling struggles as UK productivity downgrade prompts tax raise risks
The Pound Sterling (GBP) stays under pressure against its major peers on Friday.

ECB's Rehn: There are both upside and downside risks to inflation and growth
European Central Bank (ECB) Governing Council member and Governor of Bank of Finland Olli Rehn said during the European session on Friday that the decision by the Eurozone central bank to leave interest rates unchanged was justified.

Forex Today: US Dollar clings to weekly gains as central bank dust settles
Here is what you need to know on Friday, October 31:

When is the Eurozone Prelim HICP inflation and how could it affect EUR/USD?
Eurostat will publish the preliminary Eurozone Harmonized Index of Consumer Prices (HICP) data for October later on Friday at 10:00 GMT.

USD/CAD Price Forecast: Tests 1.4000 barrier after breaking above nine-day EMA
USD/CAD extends its gains for the second successive session, trading around 1.3990 during the early European hours on Friday. The technical analysis of the daily chart indicates a price consolidation, with the USD/CAD pair rebounding from the lower boundary of its rectangle pattern.

ECB's Kocher: Projections show us on target for sustained time
European Central Bank (ECB) Governing Council member Martin Kocher said on Friday, "projections show us on target for sustained time."

EUR/USD Price Forecast: Trades cautiously near two-week low around 1.1570
The EUR/USD pair trades with caution near the two-week low around 1.1570 during the early European trading session on Friday.

US Dollar Index hovers around 99.50 due to uncertainty surrounding Fed policy outlook
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining steady and trading around 99.50 during the Asian hours on Friday.

GBP/USD treads water above 1.3150 as Fed rate cuts climb
GBP/USD inches higher after three days of losses, trading around 1.3160 during the Asian hours on Friday. The pair holds ground as the US Dollar (USD) struggles amid improving Federal Reserve (Fed) rate cut bets.

USD/INR moves higher due to US-China trade optimism, receding Fed dovish bets
The Indian Rupee (INR) trades lower against the US Dollar (USD) after a flat opening on Friday. The USD/INR pair rises to near 88.85 as the US Dollar (USD) trades broadly firm due to receding Federal Reserve (Fed) dovish bets, and improving trade relations between the United States (US) and China.

EUR/JPY holds steady above 178.00, remains close to record high touched on Thursday
The EUR/JPY cross attracts some dip-buyers near the 177.85 area during the Asian session on Friday, and for now, it seems to have stalled its modest pullback from the all-time peak, touched the previous day.

Japanese Yen sticks to stronger Tokyo CPI-inspired gains; lacks follow-through buying
The Japanese Yen (JPY) strengthens during the Asian session after data released this Friday showed that inflation in Tokyo rose at a faster pace and backed the case for an imminent rate hike by the Bank of Japan (BoJ).

Silver Price Forecast: XAG/USD trades firmly near $49.00 ahead of speeches from Fed speakers
Silver price (XAG/USD) holds onto gains near Thursday's high around $49.00 during the Asian trading session on Friday. The white metal trades firmly even as traders have trimmed bets supporting another interest rate cut by the Federal Reserve (Fed) this year.

RBNZ's Gai: US tariffs are a negative demand shock to New Zealand
Reserve Bank of New Zealand (RBNZ )Monetary Policy Committee member Prasanna Gai delivered some comments at an event in Melbourne on Friday.
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