Dollar set for weekly gain as Fed cut bets recede; yen intervention eyed.The dollar was on track for its best week in over a month on Friday as investors wagered the Federal Reserve is unlikely to cut rates next month, with the case for further easing made no clearer by a confounding U.S. jobs report.
Japan signals chance of currency intervention, yen rises.Japan sees currency intervention as a possibility in dealing with excessively volatile and speculative moves in the yen, Finance Minister Satsuki Katayama said on Friday, in the strongest warning to date against recent falls in the currency.
UK consumer confidence falls ahead of budget as households brace for tax hikes.UK consumer confidence slipped in November as households brace for potentially tough measures in next week's budget, according to the latest GfK survey. The headline index fell to -19 from -17, slightly weaker than the Reuters poll expectation of -18 and matching the lowest reading since May.
Singapore lifts 2025 growth forecast after Q3 GDP beats expectations.Buoyed by stronger global demand and better-than-expected growth among major trading partners, the Ministry of Trade and Industry lifted its 2025 GDP forecast to around 4.0%, up from the earlier 1.5%–2.5% range.
United Kingdom GfK Consumer Confidence registered at -19, below expectations (-18) in November.United Kingdom GfK Consumer Confidence registered at -19, below expectations (-18) in November