Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
The Canadian dollar weakened significantly after weaker-than-expected inflation data, with a notable drop in headline CPI to 1.6% influenced by falling gasoline prices. The inflation below the BOC target of 2% increased the chance of a 50 bpbs rate cut by the Bank of Canada at its October 23 meeting.
In contrast, the British pound found support from mixed labor market data, with the unemployment rate falling to 4%, while wage growth slowed. This situation presents a balanced outlook regarding a potential rate cut from the Bank of England (BoE) in November, with market attention now turning to the forthcoming UK CPI data.
Germany's ZEW Economic Sentiment index rose from 3.6 to 13.1 in October, exceeding expectations. Despite a drop in the Current Situation Index, optimism is driven by stable inflation, anticipated ECB rate cuts, and positive signals from key export markets, including China's economic stimulus measures.
Yesterday, the Canadian dollar was the weak performer followed by the Australian and New Zealand dollar. The uncertainty over Chinese policy and fresh stimulus package weighing on AUD and NZD.
