USD/CNH: To continue falling below 7.00 – DBS
Source Fxstreet
USD/CNH should extend its fall below 7.00 following last week’s 0.9% decline to 6.9815. The pair was last seen at 6.9952, DBS FX analyst Philip Wee notes.
Additional fiscal measures are expected
“The CSI 300 Index surged 15.7% last week, its best weekly performance since November 2008, on China’s most significant monetary stimulus package since the Covid-19 pandemic to support the property sector and shore up capital markets.”
“Additional fiscal measures are expected as China seeks to achieve its 5% growth target. An announcement is likely before the National People’s Congress meeting in the second half of October.”
“The US Treasury Department welcomed last week’s stimulus measures but emphasized the need for increased domestic demand over reliance on exports.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Weekly Report: Gold up 4.5%, Brent down 16.4% — three commodity regimes just resetGold rose 4.51% to $4,074.90 while Brent fell 16.42% to $98.32 in the same five sessions — two inflation hedges, opposite answers. Around them, the gold-silver ratio sits at 78.7 and copper fell 3.72%. Three regime signals, two of them close to flipping, define what commodity traders must re-price before Tuesday's CPI.
Gold rose 4.51% to $4,074.90 while Brent fell 16.42% to $98.32 in the same five sessions — two inflation hedges, opposite answers. Around them, the gold-silver ratio sits at 78.7 and copper fell 3.72%. Three regime signals, two of them close to flipping, define what commodity traders must re-price before Tuesday's CPI.
The CPI that has no year-over-year number is the one that decides DecemberOctober CPI lands on Nov 10 at 13:30 GMT, and it will be published without a year-over-year figure: BLS never collected October 2025 prices during the federal shutdown. Consensus is +0.3% headline and +0.2% core month-on-month, against +0.6% and +0.3% in September. With December hike odds at 77%, the month-on-month print is now the whole story, and $4,197–4,202 on gold and 4.86% on the 10-year are the levels that price it.
October CPI lands on Nov 10 at 13:30 GMT, and it will be published without a year-over-year figure: BLS never collected October 2025 prices during the federal shutdown. Consensus is +0.3% headline and +0.2% core month-on-month, against +0.6% and +0.3% in September. With December hike odds at 77%, the month-on-month print is now the whole story, and $4,197–4,202 on gold and 4.86% on the 10-year are the levels that price it.
On Tuesday (Nov. 10) Eastern Time, the U.S. will release the October Consumer Price Index (CPI), a key inflation reading ahead of the Federal Reserve's December interest rate decision. Th
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 10, 2026. Read on for the details.
Nvidia fell 4.3% on a day the Nasdaq rose 2.7% — this is a governance discount, not an AI warningNvidia closed at $178.67 on November 9, down 4.27% with an intraday low of $170.24, while the Nasdaq rose 2.74% and the Philadelphia Semiconductor Index jumped 6.85%. Volume was roughly 2.5 times the prior session. The board opened an independent review after CEO Jensen Huang's public statement about his personal life. With Q3 earnings on November 17, the two levels that matter are $170.24 and $200."
Nvidia closed at $178.67 on November 9, down 4.27% with an intraday low of $170.24, while the Nasdaq rose 2.74% and the Philadelphia Semiconductor Index jumped 6.85%. Volume was roughly 2.5 times the prior session. The board opened an independent review after CEO Jensen Huang's public statement about his personal life. With Q3 earnings on November 17, the two levels that matter are $170.24 and $200."
