The financial market experienced a choppy, yet ultimately positive week as the US ended a record-long government shutdown. After 43 days, the spending bill finally passed, clearing the way for the resumption of official data.The Bureau of Labor Statistics quickly confirmed that the long-delayed September nonfarm payrolls report will be released on Thursday, November 20, giving traders a fresh anchor after weeks of trading in the dark. On the other hand, Fed officials, including Cleveland's Beth Hammack and ...

Market reaction to U.S. President Donald Trump's tariffs U-turn on more than 200 food products was muted, with some analysts saying the move was not a surprise due to cost-of- living issues. Elsewhere, sterling remained under pressure following a whirlwind Friday session as speculation swirled around the UK government's highly anticipated November 26 budget. The safe-haven Swiss franc hovered around a one-month high and last stood at 0.7941 per dollar, finding support from jitters over an ugly selloff in s ...

Core Insights - The global trading volume of the Chinese yuan has reached $817 billion per day, marking a significant increase and nearing the trading volumes of the British pound [1] - The yuan's share of global currency transactions has risen to 8.5% from 7.0% in 2022, indicating a growing international presence [1] - Despite being the fifth-most traded currency, the yuan is closing the gap with the British pound, which saw its share decline from 12.9% to 10.2% [1] Group 1 - Chinese officials have been actively working to enhance the global appeal of the yuan by easing capital controls to reduce the dominance of the US dollar [2] - The yuan's internationalization efforts are showing progress, although challenges such as restrictions on cross-border capital flows persist [3] - The yuan's share as a global payment currency has decreased to 2.9% in August from 4.7% in the same month last year, reflecting mixed signals regarding its international usage [4] Group 2 - The Swiss franc has also seen significant growth, with daily trading rising to $612 billion, surpassing both the Australian and Canadian dollars to become the sixth most-traded currency [5] - The Hong Kong dollar's share in global currency transactions has notably increased from 2.6% to 3.8% [5]

Core Viewpoint - The U.S. dollar has strengthened significantly, particularly against the Japanese yen and the British pound, indicating a shift in currency dynamics and potential implications for international trade and investment strategies [1] Group 1: Currency Strength - The U.S. dollar's strength is particularly notable against the yen, which may affect export competitiveness for Japanese companies [1] - The dollar has also gained against the British pound, suggesting potential impacts on U.S.-UK trade relations and investment flows [1] Group 2: Economic Implications - A stronger dollar could lead to increased costs for U.S. exporters, potentially affecting their profit margins and market share abroad [1] - Conversely, it may benefit U.S. consumers by lowering the cost of imported goods, influencing domestic consumption patterns [1]