European Central Bank (ECB) Governing Council member and Governor of the National Bank of Slovakia (NBS), Peter Kazimir, said during the European trading session that there is no need to alter or adjust the monetary policy as risks to inflation and the economy remain broadly balanced.
Financial markets are getting excited about a Bank of England rate cut potentially as early as this Thursday, ING's FX analyst Chris Turner notes.
China’s metals body has urged Beijing to curb new Copper, Zinc, and Lead smelting projects, warning that record-low processing fees and industry overcapacity threaten market stability.
In recent weeks, the US Dollar (USD) has recovered quite broadly. Rather than trading at around 1.18, EUR/USD has frequently traded below 1.16, and on Friday it even approached 1.15.
Official manufacturing PMI dropped to a six-month low of 49 amid increased trade uncertainty. Production activity likely normalized after the September jump; investment may have declined further. Front-loading of exports seems to have renewed; CPI likely declined m/m on lower food and oil prices.
The European Central Bank (ECB) Governing Council member Joachim Nagel said that Eurozone economic data aren’t diverging from the ECB’s outlook, but policymakers are keeping their options open, Bloomberg reported on Monday.
Australian Dollar (AUD) declines against the US Dollar (USD) for the fourth successive session on Monday. The AUD/USD pair remains subdued as the US Dollar (USD) gains amid dampening expectations of a US Federal Reserve (Fed) interest rate cut in December.
US President Donald Trump said that the United States (US) will prevent China from obtaining Nvidia’s most advanced semiconductor technology, CBS News reported on Monday.
China's RatingDog Manufacturing Purchasing Managers' Index (PMI) declined to 50.6 in October from 51.2 in September, the latest data published by RatingDog showed on Monday.