U.S. Government Faces Brief Shutdown as Congress Delays Funding Deal 
Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes 
Asian Stocks Waver as Trump Signals Fed Pick, Shutdown Deal and Tech Earnings Stir Markets 
U.S. and El Salvador Sign Landmark Critical Minerals Agreement to Boost Investment and Trade 
China Factory Activity Slips in January as Weak Demand Weighs on Growth Outlook 
Trump to Announce New Federal Reserve Chair Pick as Powell Replacement Looms 
China Home Prices Rise in January as Government Signals Stronger Support for Property Market 
India Budget 2026: Modi Government Eyes Reforms Amid Global Uncertainty and Fiscal Pressures 
Philippine Economy Slows in Late 2025, Raising Expectations of Further Rate Cuts 
Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S. 
U.S. Dollar Slides for Second Week as Tariff Threats and Iran Tensions Shake Markets 
Indonesia Stocks Face Fragile Sentiment After MSCI Warning and Market Rout 
Russia Stocks End Flat as MOEX Closes Unchanged Amid Mixed Global Signals 
Asia Stocks Pause as Tech Earnings, Fed Signals, and Dollar Weakness Drive Markets 
South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years 
Dollar Struggles as Policy Uncertainty Weighs on Markets Despite Official Support 
US dollar index is trading in a narrow range between 106.33 and 106.96 in past one week due to mixed US economic data.
As of November 14, 2024, the Producer Price Index (PPI) showed no change from the previous month, while the core PPI rose by 0.2%. Jobless claims slightly improved, with initial claims falling to 221,000 but continuing claims rising to 1.892 million. Retail sales increased by 0.4% in October, exceeding expectations, while industrial production fell by 0.3%. Consumer sentiment declined to 70.5, suggesting people are becoming more cautious. Inflation expectations hit a four-year low, indicating easing price pressures. Overall, the economy shows mixed signals, with strength in retail but weakness in production and claims. These trends will be important for policymakers moving forward.
Recent reports on the Consumer Price Index (CPI) and Producer Price Index (PPI) have changed expectations for a Federal Reserve rate cut. The chance of a rate cut in December has increased to about 80%, up from around 60% beforehand. Traders widely believe the Fed will lower interest rates by 25 basis points. This development shows growing confidence that the Fed will respond to the economic data. Overall, the situation suggests a likely move towards easing monetary policy.
Next week, several countries are set to announce their estimates for October consumer inflation
Canadian CPI Data
Release Date: Tuesday, November 19, 2024.
UK CPI Data
Release Date: Wednesday, November 20, 2024.
