- Saudi Arabian Oil Co. (Aramco) confirms its biggest ever investment in South Korea
- IMF seems to be behind the curve on China's COVID and property polices
- BOJ's Uchida says its too early to discuss an exit from monetary stimulus
- North Korea has fired a short-range ballistic missile
- Japanese media report Tokyo will raise its COVID alert by one level
- Singapore’s state-owned investor Temasek has written down entire $275 mn investment in FTX
- Japan finance minister Suzuki says monetary policy is up to the Bank of Japan to decide
- PBOC sets USD/ CNY reference rate for today at 7.0655 (vs. estimate at 7.0479)
- BOJ Gov Kuroda says CPI will drop under 2% in 2023/24 fiscal year, cost-push declines
- Australian jobs report: Jobs K +32.2K (+15K expected) & Unemployment 3.4% (3.6% expected)
- Japan international trade data for October: Exports +25.3% y/y, Imports +53.5% y/y
- Chinese media says China can hit zero-COVID
- US mid-term election update - Projections are Republicans win control of the House
- JP Morgan sees a "mild" recession - "don't see the need for a big recession"
- Goldman Sachs says the US should narrowly avoid recession - says this time its different
- UBS like the US dollar - to push EUR back under parity & cable toward 1.10
- Forexlive Americas FX news wrap: Retail sales strong. Keeps Fed's playbook intact.
- Head of OPEC said ready to intervene in the oil market
- New Zealand data - Q3 PPI rises, but slower than in Q2
- JP Morgan stays bullish on the USD - "durability of a broad USD sell-off is fragile"
- US major indices close lower.
The USD gained some ground during the session here, albeit in limited ranges for major FX rates. Gold and oil declined also. There was little fresh on the news nor data front to prompt the move,
Japanese data showed the country's trade deficit widened in October. The import bill continued to rise due to the yen’s ongoing slide during that month. Exports and imports in the month hit a record value high.
In other data the Australian jobs report was solid. Unemployment fell to its lowest in nearly 50 years.
COVID cases in China continue to rise quickly. And in Japan today Tokyo raised its alert level one tick due to higher caseloads there also.
