Topic: Daily Market Updates
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Greenback ends week lower as Fed hopes boost markets
US dollar down for another week. Crude oil’s losses near extreme. CNY supported as property market sees glimmer of hope.
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No holiday in Europe
Euro unfazed by German debt issue. UK returns to growth, contrasting the Eurozone. US in festive mood as volatility falls.
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Kiwi outperforms in quietened Thanksgiving session
USD lower in quiet, Thanksgiving session. RBA’s Bullock: “Getting inflation back to target will take time”. Malaysia CPI due.
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Data slows dollar’s decline
Slight pushback on easing financial conditions. Sterling stutters after UK budget update. Eurozone consumer morale improves to 3-month high.
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Chinese yuan falls from five-month highs ahead of key PMIs
Greenback extends second day of gains. PMI numbers due. Singapore inflation, Bank Indonesia due today.
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UK fiscal update, US data patch in focus
10-week peak as tax cuts beckon. Last data patch before Thanksgiving. Germany’s highest court puts a brake on debt plans.