European Stocks Steady as U.S.-Iran War, Euro Zone Data Keep Investors Cautious 
France Inflation Rises 2.4% in July as Consumer Prices Increase 
Japan Government Backs Earlier BOJ Rate Hike as Inflation Pressures Build 
KOSPI Rebounds 20% as Samsung, SK Hynix Lead South Korea Stock Rally 
Asian Currencies Steady as Dollar Holds Firm After U.S. Inflation Data 
Gold Prices Rise as Weak US Retail Sales Cut Fed Rate Hike Bets 
US Dollar Holds Firm as Fed Outlook and Iran Tensions Keep Markets on Edge 
US Dollar Slips as Weak Retail Sales Reduce Fed Rate Hike Bets 
Canada-US Trade Talks Gain Momentum Ahead of Aug. 19 Tariff Deadline 
Oil Prices Fall as U.S. Crude Inventories Surge and Hormuz Tensions Persist 
Trump Imposes New Tariffs on Drone Imports Over US Security Concerns 
Barclays Warns U.S. Stock Rally May Be Detached From Fundamentals 
Asian Stocks Rally as Cooling US Inflation Boosts Fed Rate Outlook 
Asian Currencies Steady Ahead of US CPI as Oil Prices Rise 
KOSPI Eyes Best Weekly Gain Since June as Samsung, SK Hynix Rally 
Asian Currencies Edge Higher as Soft US Inflation Weighs on Dollar 
Add as a preferred source on Google
Dollar Maintains Stability Amid U.S. Jobs Report and Fed Speculation
The U.S. dollar held steady against major currencies on Friday as investors anticipated the latest U.S. nonfarm payrolls report. This report is expected to shed light on the economy's resilience ahead of the Federal Reserve's meeting and the tight U.S. presidential race next week.
Yen Gains as BOJ Hints at Future Rate Hikes
The Japanese yen maintained Thursday's gains after the Bank of Japan (BOJ) hinted at a potential shift away from its ultra-loose monetary stance. While the BOJ kept rates low, economists from Morgan Stanley MUFG suggest a December rate hike is now more likely, with a January increase to 0.5% remaining in their base case. Key factors such as yen-dollar exchange rates and upcoming inflation data may influence BOJ's decision.
U.S. Dollar Sees Monthly Gain
Despite a recent dip, the U.S. dollar logged its largest monthly gain since September 2022 in October, driven by tempered expectations for aggressive Fed rate cuts. The dollar index rose slightly to 103.94, while the yen traded at 152.18 per dollar.
Euro and Pound Under Pressure
The euro, hovering near a two-week high, was marginally lower at $1.0879 after data showed an unexpected rise in eurozone inflation. Meanwhile, the British pound faced selling pressure, trading at $1.2895, following Finance Minister Rachel Reeves's announcement of the largest tax hike since 1993.
China’s Manufacturing Rebounds
China’s manufacturing sector saw growth in October, with new orders boosting production. Additionally, home prices rose, suggesting economic stability despite global headwinds.
