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China's NBS Manufacturing PMI rises to 50.1 in October, Non-Manufacturing PMI improves to 50.2
China's official Manufacturing Purchasing Managers' Index (PMI) rose to 50.1 in October, compared to 49.8 in the previous reading.
PBOC sets USD/CNY reference rate at 7.1250 vs. 7.1390 previous
The People's Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1250, as compared to the previous day's fix of 7.1390 and 7.1242 Reuters estimates.
Australia's Retail Sales rise 0.1% MoM in September vs. 0.3% expected
Australia's Retail Sales, a measure of the country's consumer spending, increased 0.1% MoM in September, compared to a rise of 0.7% in August, the official data published by the Australian Bureau of Statistics (ABS) showed on Thursday.
GBP/USD weakens below 1.3000 as traders brace for US PCE data
The GBP/USD pair extends the decline to around 1.2955 during the early Asian session on Thursday.
EUR/USD holds above 1.0850 on weaker US Dollar, eyes on US PCE data
The EUR/USD pair attracts some buyers to near 1.0855 during the early Asian session on Thursday.
Bank of Japan set to hold interest rates steady as rising inflation points to year-end hike
The Bank of Japan (BoJ) is widely expected to maintain its short-term interest rate at around 0.25%, following the conclusion of its two-day monetary policy review on Thursday.
NZD/JPY Price Analysis: Neutral bias remains amid mixed technical signals, eyes on SMA crossover
In Wednesday's session, the NZD/JPY pair exhibited a modest upward movement, reaching 91.60.
Gold surges to record high of $2,790 amid US election uncertainty, safe-haven flows
Gold price soared to a record high of $2,790 during the North American session, as investors remain uncertain about the outcome of the US Presidential Elections.
Australian Dollar rises on USD weakness, local inflation data
The AUD/USD rebounded from multi-week lows on Wednesday, driven by broad-based US Dollar weakness.
Mexican Peso declines despite posting solid GDP data
The Mexican Peso extended its losses against the US Dollar for the fourth straight day on Wednesday and is down 0.62% even though Mexico's economy grew above estimates.
Forex Today: Investors will closely follow the BoJ and PCE data
The Greenback's rally continued to give some signs of potential exhaustion on Wednesday, despite encouraging prints from the job creation in the US private sector and further evidence of a resilient US economy.
US Dollar loses value after GDP, and ADP data
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, lost ground on Wednesday following the release of mixed economic data.
Dow Jones Industrial Average advances due to strong US GDP and jobs data
The Dow Jones Industrial Average (DJIA) advanced during the North American session, with bulls eyeing a break above 42,500 as US Treasury bond yields tumbled.
Canadian Dollar steady against mixed US data
The USD/CAD pair trades neutrally on Wednesday near 1.3915.
ECB's Schnabel: Headline inflation will remain bumpy
ECB board member Isabel Schnabel argued that the European Central Bank does not need to lower interest rates to a level that would stimulate the economy, as she believes inflation is unlikely to fall below the bank's 2% target.
Germany: Underlying inflation stubbornly high - Commerzbank
After two significant declines, German inflation rate rose again in October, from 1.6% to 2.0%.
GBP/USD Price Forecast: Rises above 1.3000 after UK's budget release
The Pound Sterling erased some of its earlier losses, climbing above its opening price against the US Dollar, after the UK Chancellor Rachel Reeves revealed its autumn budget.
GBP/JPY Price Analysis: Bulls retain control despite consolidation
The GBP/JPY currency pair mildly declined on Wednesday as investors seem to be taking a breather.
US economy clocks in another solid quarter - Commerzbank
The US economy grew by 2.8% in the third quarter of 2024, roughly in line with expectations.
EUR/GBP trades volatile near day's high amid UK budget announcement
The EUR/GBP wobbles near an intraday high around 0.8350 in Wednesday's New York session.
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