U.S. Stock Futures Rise Ahead of Trump-Xi Summit, Middle East Risks Weigh 
Gold Prices Rise as Oil Slide Eases Fed Rate Hike Fears 
Fed Rate Hike Threatens Housing as U.S. Growth Leans on AI, Citi Says 
Canada Unveils Bill to Fast-Track Major Resource Projects 
Oil Prices Rise as U.S.-Iran Talks Fuel Diplomacy Hopes 
US-China Talks Target AI, Tariffs Ahead of Trump-Xi Summit 
South Korea to Brief Lawmakers on $350 Billion US Investment Package 
Yen Weakens as Dollar Gains on Widening US-Japan Rate Gap 
Oil Prices Extend Losses as U.S.-Iran Talks Ease Supply Fears 
Vietnam, US Trade Deal Could Be Signed Soon, To Lam Says 
Asia Stocks Rise on AI Demand as Oil Eases 
Oil Prices Tumble on U.S.-Iran Diplomacy Hopes, Supply Relief 
RBA Says ASX Still Falls Short on Governance and Risk Controls 
Vietnam Stocks Join FTSE Emerging Market Indexes, Unlocking Billions in Foreign Investment 
Asian Currencies Muted as Dollar Firms Ahead of Trump-Xi Summit 
Yen in Focus as BOJ, Fed Rate Hikes Reshape Currency Markets 
Add as a preferred source on Google
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.
