SGD/INR Exchange rate
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USD/JPY remains close to nine-month peak after Japan's Q3 GDP print
USD/JPY oscillates in a range at the start of a new week and moves little after data released during the Asian session showed that Japan’s economy contracted less than expected in the third quarter. Intervention fears act as a headwind for the pair, although uncertainty over the timing of the next BoJ rate hike supports spot prices amid a modest uptick in the US Dollar.
AUD/USD drops toward 0.6500 on modest USD uptick
AUD/USD turns lower toward 0.6500 in Monday's Asian trading, as a weaker risk tone underpins the safe-haven US Dollar amid concerns about China's economy. However, diminishing odds for more RBA rate cuts help limit its downside. All eyes are on the missed US economic data releases this week.
Gold could stage a rebound if key $4,070 support holds
Gold retakes $4,100 early Monday, snapping a two-day pullback from three-week highs. US Dollar firms up amid reduced December Fed rate cut bets, awaits US NFP release on Thursday. Gold defends critical support zone near $4,070 on the daily chart, while RSI stays bullish.
Week ahead: US schedule awaited – Fed minutes, CPI and flash PMI on tap
Canada, Japan and the UK to publish CPI data, but not the US. US October jobs and inflation reports may never get released. New release schedule likely; FOMC minutes eyed in meantime. Flash PMIs to be watched amid renewed economic worries.
Weekly focus: Looking towards post-shutdown US data
The end of US government shutdown was not enough to drive a lasting recovery in markets' risk appetite, with equity and bond markets weakening towards the end of the week.