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Asian-Pacific indices are trading higher. Chinese indices are gaining between 0.15–0.40%, Japan’s JP225 is up 1.10%, and Singapore’s SG20cash is up 0.30%.
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The strongest-performing currency is the New Zealand dollar after the RBNZ decision. The weakest is the Japanese yen. USDJPY is up 0.10% despite a weaker dollar, and NZDUSD is up 1.15%.
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The RBNZ cut rates by 25 bp to 2.25%, but the message was clearly hawkish — the bank signaled the end of the easing cycle. The OCR is expected to remain near 2.25% until early 2026 and then rise to 2.65% by the end of 2027. This effectively closes the door to further easing.
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AUD rises after another acceleration in inflation in Australia. Monthly CPI increased 3.8% y/y in October (vs 3.6% expected), the fastest in 10 months and the fourth consecutive acceleration since June. Chances of further RBA rate cuts are now minimal.
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The PBOC set the yuan fixing at the strongest level since 14 October 2024, strengthening the currency.
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Gold rebounds 0.54% to 4,150 USD per ounce. Tensions around Taiwan persist. China has accused Japan and Taiwan’s DPP of “provocations” in the Taiwan Strait, warning against external interference. Taiwan is preparing for a potential military conflict by 2027.
Daily summary: U.S. indices rise as the dollar softens ahead of the Thanksgiving holiday 🗽
EURUSD gains 0.4% rebounding from important support zone 📈
BREAKING: US Consumer Confidence and Richmond Fed much weaker than expected 📌
Economic Calendar: Markets Focus on US PPI and Retail Sales (25.11.2025)
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