Market Pulse - Currencies
Fed's Daly sees rates rising to 4.75-5.25 per cent before holding
A top US central bank official said that official short-term interest rates would need to rise by at least one more percentage point - possibly more - before policymakers could pause to take stock of the situation.
US industrial production misses forecasts due to drag from construction and materials
US industrial production undershot forecasts by a wide margin, amid declines in Mining and Utilities output.
US import prices fall by a bit less than expected in October
The cost of imported goods in the States fell by a bit less than expected last month, for a fourth consecutive monthly decline.
US retail sales rebound by more than expected in October
US retail sales grew more quickly than anticipated in October.
Euro area GDP and employment expand modestly in Q3
Economic activity in the euro area and employment both continued to grow modestly over the three months to September.
BoJ's Kuroda says rapid one-sided weakness in yen not desirable
The Governor of the Bank of Japan said that "rapid and one-sided" weakness in the yen were undesirable.
Rabobank chops 12-month forecast for euro-dollar
Analysts at Rabobank took an axe to their forecasts for euro/dollar in 2023, telling clients that the currency had yet to price in the fallout of the Continent's energy crisis.