Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts 
EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization 
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
The emerging market Asian currencies are expected to weaken against the greenback amid declined speculative dollar-short positions. Also, the geopolitical situation n the Korean Peninsula during US President Donald Trump’s Asia travel on November 3-14. Trump is scheduled to visit South Korea on November 7.
Resilient private wage growth and rising oil prices will boost US inflation into the year of 2018. The prices of Brent oil have topped USD 62 per barrel for the first time in more than two years on rising hopes for a renewed deal to cut supplies for another nine months through the end of 2018. In the meantime, WTI oil prices have climbed persistently.
The US Federal Reserve is expected to stay on a gradual path of future rate hikes as Jerome Powell’s nomination as the next Fed Chair after Janet Yellen’s term ends in early February next year helped to maintain the policy continuity.
Meanwhile, Powell will be more in favor of financial de-regulation compared to Janet Yellen, which could prove beneficial for US stocks, sending UST yields higher over the time.
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