US Dollar
1. US Challenger job cuts surged 175% year-over-year in October, with year-to-date job cuts increasing by 65%.
2. Data analytics firm Haver Analytics released data on Thursday showing that initial jobless claims in the US rose slightly to 229,000 last week.
3. Federal Reserve – ① Goolsby: Remains cautious about rate cuts due to a lack of reliable inflation data. ② Hamak: Emphasizes inflation risks and opposes further rate cuts. There's no need to control inflation through rate hikes. ③ Williams: Model-based estimates of the US neutral interest rate are around 1%. ④ Barr: The impact of artificial intelligence may be impacting hiring in some industries. ⑤ Milan: Expects a Fed rate cut in December. ⑥ Musalaim: Monetary policy is between moderate tightening and neutral.
4. Major Non-US Currencies
1. Japanese Prime Minister Sanae Takaichi: Japan's national economic policy has changed.
2. The Bank of England voted 5-4 to keep interest rates unchanged; the removal of the word "cautious" from its interest rate guidance may pave the way for a December rate cut. 3. European Central Bank - ① Vice President Guindos: Slightly optimistic about economic growth; inflation news is positive. No discussion of modifying quantitative tightening. ② Governing Council member Vujicic: Inflation has reached the target, but the economy still faces risks.
Others
1. Central Bank of Malaysia kept its policy rate at 2.75%, in line with market expectations.
2. Central Bank of Mexico cut interest rates by 25 basis points; the deputy governor hopes to keep rates unchanged.
3. Reuters poll: The Indian rupee is expected to strengthen to 88.25 rupees to the US dollar by the end of January next year, and further rise to 88.08 rupees to the US dollar by the end of April.
