Australia’s central bank may shift to raising interest rates next year if price pressures remain stubbornly strong and the labor market tightens further, said Luke Yeaman, chief economist at Commonwealth Bank of Australia https://t.co/7I9Keva05X ...

European Central Bank Governing Council member Madis Muller suggested he’s relaxed about euro-area price pressures and indicated little appetite for further interest-rate action https://t.co/LZ2tjHPI7D ...

Core Points - The dollar index (DXY) fell from a 5.25-month high, finishing down by -0.05% due to a recovery in stocks and ongoing pressure from the US government shutdown [1] - The US October ADP employment change rose by +42,000, exceeding expectations of +30,000, which initially supported the dollar [3] - The October ISM services index increased by +2.4 to 52.4, surpassing expectations and indicating the fastest pace of expansion in 8 months, although price pressures in the service sector accelerated [4] Dollar Performance - The dollar initially gained strength due to positive employment data and a rise in the ISM services index, but later lost ground as liquidity demand decreased [1][2] - The dollar's performance was also influenced by a report suggesting that some Senate Democrats are considering voting to end the government shutdown, providing additional support [3] Euro Performance - The EUR/USD pair recovered from a 3-month low, finishing up by +0.08% as short covering lifted the euro after the dollar's decline [5] - Positive Eurozone economic indicators, including an upward revision of the S&P composite PMI and a significant rise in German factory orders, contributed to the euro's strength [5] Central Bank Divergence - Central bank divergence is seen as supportive for the euro, with the ECB expected to be largely finished with its rate-cut cycle, while the Fed is anticipated to cut rates several more times by the end of 2026 [6]

Retail inflation ticked up in Istanbul, indicating that price pressures in Turkey remained strong ahead of national data for October that’s expected on Monday https://t.co/qsr1W4dDdI ...

New Zealand inflation accelerated in the third quarter, pushing to the top of the Reserve Bank’s 1%-3% target band even as underlying price pressures recede and policy makers indicate further easing to come https://t.co/iOHvQ0pV8Y ...

Chinese measures to curb the export of rare earths could reignite price pressures in the euro zone if they ripple through the global economy, according to European Central Bank Governing Council member Madis Muller https://t.co/y4nkdSpwJy ...

Bank of England policymaker Megan Greene signalled that she is considering holding interest rates until at least March next year on concerns that policy is not restrictive enough to squeeze out lingering price pressures https://t.co/TBnjN8MONL ...

Bank of England Deputy Governor Dave Ramsden said there is still scope to cut interest rates further, predicting price pressures from the services sector and wages will continue to ease https://t.co/yydkW7gSUr ...

Austria is extending a limit on home-rental-fee increases to the free market in its latest measure aimed at improving affordability and tempering price pressures https://t.co/oc5cv8rOMy ...

UK households’ inflation expectations hit the highest level in two years, a setback for the BOE in its battle to keep price pressures under control https://t.co/mhqpJgVfZz ...