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Forex Focus on Eurozone October CPI, and US Initial Jobless Claims

FTSE 100
FTSE 100

Markets digest the Fed rate cut as European traders await the Germany September retail sales data due at 7:00GMT. France October preliminary CPI figures will be out at 7:45GMT. Spain Q3 preliminary GDP figures will be released at 8:00GMT. Eurozone October preliminary CPI figures, Eurozone Q3 preliminary GDP figures,  Eurozone September unemployment rate, and Italy October preliminary CPI figures will be released at 10:00GMT. Italy Q3 preliminary GDP figures will be out at 11:00GMT.

In the American calendar, the US October Challenger job cuts data is due at 11:30GMT. In Canada, the GDP monthly and yearly readings will be out at 12:30. The PCE Price Index y/y, Personal Spending m/m, Employment Cost Index q/q and Initial Jobless Claims will be released at 12:30. MNI Chicago Business Barometer is due at 13:45.

Asian equity indices are trading mostly higher today; Nikkei is 0.37% higher at 22,927 and the Hang Seng trading 0.67% higher at 26,845. EURUSD trades 0.11% higher at 1.1161; the USDJPY is 0.15% lower at 108.67 while the AUDUSD is 0.24% higher at 0.6919.

The central bank of China set the Yuan rate (USDCNY) at 7.053 versus yesterday settlement at 7.0582.