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RBNZ Survey: NZ two-year inflation expectations increase to 2.12% QoQ in Q4 2024
New Zealand's (NZ) inflation expectations were a mixed bag on a 12-month and a two-year time frame for the fourth quarter of 2024, the Reserve Bank of New Zealand's (RBNZ) latest monetary conditions survey showed on Monday.
PBOC sets USD/CNY reference rate at 7.1786 vs. 7.1433 previous
The People's Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Monday at 7.1786, as compared to Friday's fix of 7.1433 and 7.1813 Reuters estimates.
EUR/USD remains tepid near 1.0700 due to higher US Dollar, political uncertainties
The EUR/USD pair continues to face downward pressure for a second consecutive session, hovering around 1.0720 during Monday's Asian trading hours.
ECB's Holzmann: December rate cut possible
European Central Bank (ECB) Governing Council member Robert Holzmann said on Sunday that a December interest rate cut is a possibility but by no means guaranteed, per Bloomberg.
Fed's Kashkari: Economy strong, but inflation not vanquished
Federal Reserve Bank of Minneapolis President Neel Kashkari said the US economy has remained remarkably strong as the Fed progressed in beating back inflation, but the US central bank was still "not all the way home," per Bloomberg.
GBP/USD struggles for firm near-term direction, remains confined in a range around 1.2900
The GBP/USD pair kicks off the new week on a softer note, albeit it lacks follow-through selling and remains confined in a range around the 1.2900 mark amid mixed fundamental cues.
Gold Price Forecast: XAU/USD drifts lower below $2,700 on firmer US Dollar
Gold price (XAU/USD) trades in negative territory near $2,680 during the early Asian session on Monday.
BoJ Summary of Opinions: Member suggests easing adjustment if outlook is achieved
The Bank of Japan (BoJ) published the Summary of Opinions from its October monetary policy meeting on October 30 and 31, with the key findings noted below.
China's CPI inflation eases to 0.3% YoY in October vs. 0.4% expected
China's Consumer Price Index (CPI) rose at an annual pace of 0.3% in October after reporting a 0.4% growth in September.
AUD/USD holds below 0.6600 as Trump tariff threat looms
The AUD/USD pair remains under selling pressure around 0.6580 during the early Asian session on Monday.
NZD/USD Price Analysis: Pair gets rejected again by the 20-day SMA, more downside on the horizon
In Friday's session, the NZD/USD declined by 1.05% to 0.5960, continuing its downward trend as the pair got rejected by a third time this week by the 20-day Simple Moving Average (SMA).
NZD/JPY Price Analysis: Bearish momentum intensifies, threatening 91.00
In Friday's session, the NZD/JPY declined by 1.20% to 91.00, continuing its bearish momentum.
Silver Price Forecast: XAG/USD drops below $31.50, weighed down by USD strength
Silver retreated from two-day highs of $32.00 and tumbled below the 50-day Simple Moving Average (SMA) at $31.37 late in the North American session.
Canadian Dollar churns on the low side after jobs miss
The Canadian Dollar flubbed a near-term technical recovery on Friday, slumping back into familiar lows against the Greenback.
Gold price slips as US Dollar ignores Fed rate cut
Gold prices had fallen on Friday as the Greenback stages a recovery despite falling US Treasury yields.
Australian Dollar dips on renewed US Dollar strength
The AUD/USD pair declined by 1.25% to 0.6600 on Friday, continuing its downtrend.
Dow Jones Industrial Average climbs as consumer sentiment improves
The Dow Jones Industrial Average (DJIA) rose into fresh all-time highs on Friday, clipping into 44,000 as stocks lean firmly bullish to close out a record week.
US Dollar rises after UoM data
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, rose on Friday.
Mexican Peso struggles as US Dollar advances in Trump victory aftermath win, eyes on Banxico
The Mexican Peso is against the ropes versus the Greenback on Friday, with the latter recovering some ground even though the US Federal Reserve (Fed) cut rates on Thursday.
USD/JPY Price Forecast: Pulls back to major trendline, uptrend still intact
USD/JPY has pulled back to support from a major trendline for the long-term uptrend at about 152.55.
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