US Dollar
1. Reuters survey: 30 out of 45 foreign exchange strategists predict traders will maintain a net short position in the US dollar at the end of November.
Euro
1. Data - ① French services contracted for the 14th consecutive month in October. ② German services saw a significant increase in October, with the composite PMI hitting a 29-month high. ③ Eurozone services rebounded solidly in October, with new business volume showing the largest increase in two and a half years. ④ Optimism among UK service sector businesses reached a one-year high.
2. ECB - ① Governing Council member Stournaras: Further easing is possible; no rush to conclude a December rate cut is needed. ② Governing Council member Nagel: Denies claims inflation has stabilized below 2%; whether a December rate cut will be implemented remains undecided.
3. According to a Reuters survey: The euro/dollar exchange rate is expected to rise to 1.20 within six months and 1.21 within a year (unchanged from the October survey results). Japanese Yen
1. Japanese Prime Minister Sanae Takaichi rejected the idea of lowering the consumption tax.
2. Jun Mimura, Japan's top foreign exchange official, stated that the main concern in the foreign exchange market is excessive volatility, not the exchange rate level. The recent yen's performance has deviated somewhat from economic fundamentals.
Other
1. Argentine President Milley rejected a freely floating peso.
2. The Polish central bank lowered its main interest rate from 4.50% to 4.25%.
3. The Brazilian central bank kept its benchmark interest rate unchanged at 15%, in line with expectations.
4. The Swedish central bank maintained its benchmark interest rate at 1.75%, expecting the policy rate to remain at current levels for the foreseeable future.
