US Dollar:
1. According to the Financial Times: The International Monetary Fund (IMF) predicts that the US government's debt burden is expected to exceed that of Italy and Greece for the first time this century, highlighting the precarious state of US public finances.
2. US President Trump: Perhaps by the end of this year, we will make a decision on the Federal Reserve; in fact, he has not really considered running for a third term in 2028.
3. US Treasury Secretary Benson: The list of candidates for Federal Reserve Chairman has been narrowed to five, and he hopes to submit a good list to Trump after Thanksgiving.
Other:
1. According to local media reports, Argentine President Milley's party won the country's midterm elections. Milley: Argentina will defend the reforms that have been implemented and promote the reforms that are still needed.
2.
Japanese Chief Cabinet Secretary Minoru Kihara: We do not comment on daily stock price fluctuations; what is important is that the exchange rate reflects fundamentals in a stable manner. We are closely monitoring excessive and disorderly fluctuations in the foreign exchange market. Foreign exchange has both positive and negative effects on the economy. 3. A Reuters poll predicts India's economy will grow by 6.7% in 2025-26 and 6.5% in 2026-27 (both figures were 6.6% in the September poll).
4. A Reuters poll shows that 34 of 50 economists believe the Reserve Bank of India will cut its repurchase rate to 5.25% on December 5 (compared to 52% who predicted a cut to 5.50% in the September poll).
5. A South Korean presidential adviser stated that President Lee Jae-myung and US President Trump faced difficulties in reaching a tariff agreement during the APEC meeting.
6. US Treasury Secretary Benson & Shaw stated: "We are very close to a trade deal with South Korea. I believe the general framework has been finalized."
