MUFG notes Taiwan’s headline inflation eased to 2.33% year-on-year in October, with core at 2.23%, both above the 2% alert level. The CBC is expected to keep its policy rate at 2.00% in December, though persistent Taiwan Dollar (TWD) weakness could tilt risks higher.
NZD/USD remains subdued for the second successive day, trading around 0.5560 during European hours on Friday. The pair is depreciating as the US Dollar (USD) gains support amid widespread market caution.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – gains positive traction for the second straight day on Friday, extending its recovery from the $86.00 mark, or an over two-month low, touched the previous day.