Dollar slumps on worries of what clearing US data fog might show

SINGAPORE – The dollar struggled to claw back steep losses on Friday and was on track for a weekly fall, as investors awaited a backlog of US data following the government’s reopening, which they expect will likely point to a weakening economy.

The overnight move lower in the dollar came alongside a selloff in US equities and bonds eerily reminiscent of the market turmoil in April, as investors pared back bets of a Federal Reserve rate cut in December.

“There’s a whiff of ‘sell America’ back in the air,” said Ray Attrill, head of FX research at National Australia Bank.

However, expectations of a more hawkish Fed failed to lift the dollar, which fell to a two-week low against the euro overnight. The common currency bounced back above the USD 1.16 mark and last bought USD 1.1630.

The Swiss franc similarly held near an over three-week high and steadied at 0.7933 per dollar. Against a basket of currencies =USD, the greenback languished near a two-week low at 99.27.

The dollar index was headed for a weekly fall of 0.3%.

“Starting from next week, we’re going to get a lot of economic data from the US, and we think it’s going to be pretty bad. I think that the market is now preparing for the coming deluge of poor US economic data,” said Joseph Capurso, Commonwealth Bank of Australia’s head of foreign exchange, international and geoeconomics.

While that would normally fuel expectations of more aggressive Fed easing to shore up a weakening economy, Capurso said the impending patchy data releases may explain why Fed funds futures have moved the other way.

The White House indicated that the US unemployment rate for October may never be available, since it is dependent on a household survey that was not conducted during the shutdown.

“When you’re in the fog, you drive slower… when you don’t know what’s going on in the economy, maybe you slow down your cuts,” said Capurso.

While investors see less than a 50% chance of a 25-basis-point cut in December, the odds for such a move in January are almost fully priced. Rate expectations for 2026 have also hardly moved.

In other currencies, sterling fell 0.3% to USD 1.3152, failing to sustain its 0.45% overnight gain against a weaker dollar.

The move lower in the pound came after a report by the Financial Times that British Prime Minister Keir Starmer and Finance Minister Rachel Reeves have abandoned plans to raise income tax rates, marking a sharp shift just weeks ahead of the November 26 budget.

“A weakening of fiscal resolve on the back of political uncertainty is not good news for the GBP,” said Sim Moh Siong, a currency strategist at Bank of Singapore.

The battered yen found some reprieve on Friday thanks to the pullback in the dollar, though remained pinned near a nine-month low hit earlier this week. It last stood at 154.58 per dollar.

The Japanese currency was on track for a fall of nearly 0.8% for the week.

Down Under, the Australian dollar fell 0.02% to USD 0.6529, having slid overnight owing to the broad risk-off sentiment.

The New Zealand dollar last bought USD 0.5654, having similarly lost 0.25% in the previous session.

(Reporting by Rae Wee; Editing by Sam Holmes)

Stocks crumble as hopes fade for imminent Fed rate cut

SYDNEY – Asian shares joined a global selloff on Friday as hawkish comments from Federal Reserve officials doused hopes for a US rate cut next month, while a still messy data calendar added to the angst, hitting bonds, the dollar, and even gold.

Japan’s Nikkei tumbled 1.8% on Friday, Australia’s resources-heavy shares slid 1.5%, while South Korea plunged 2.3%.

China will report its monthly activity figures later in the day, after weak lending data flagged concerns from households and businesses to take on more debt amid economic uncertainties.

Overnight, Wall Street tumbled with steep losses in Nvidia and other AI heavyweights on valuation concerns, while Treasuries retreated as investors scaled back expectations of a rate cut from the Fed in December to just 51%, down from 63% a day earlier.

The dollar failed to get a lift on higher yields, losing ground to the likes of the yen and Swiss franc.

“The drawdown seen across assets was pronounced, and looking across the suite of investible markets, there were few places to hide,” said Chris Weston, head of research at Pepperstone.

“With the US government open for business, traders now await the Bureau of Labor Statistics (BLS) schedule for key economic data… So far, positioning has been set largely on Tier 2 data, and that will need to be reconciled against the headline data that truly drives the Fed’s decision-making process.”

The White House, however, dashed hopes for a clearer view of the US economy any time soon, saying that the US unemployment rate for October may never be available. Adding to the downbeat mood and pointing to worries about high inflation, a growing number of Fed officials overnight signaled caution about further rate cuts.

Alberto Musalem, who runs the St. Louis Fed Bank, said there was limited room to ease further without becoming overly accommodative, while Cleveland Fed President Beth Hammack said interest rate policy should remain restrictive in order to put downward pressure on inflation.

Minneapolis Fed President Neel Kashkari told Bloomberg that he opposed a rate cut last month and is on the fence about December.

Treasuries fell overnight as investors pared back bets for a Fed cut next month. Two-year Treasury yields held at 3.597%, having risen 3 basis points overnight, while the 10-year yield rose 1 bp to 4.125%, after gaining 3 bps overnight.

The rise in yields, however, failed to support the US dollar, which was down 0.2% against its major peers overnight and was at 99.254, close to the lowest level in two weeks.

The yen got some much-needed respite and last traded at 154.7 per dollar, just a touch above a nine-month low of 155.05 per dollar. The Swiss franc jumped 0.6% against the dollar.

Sterling, however, lost 0.3% to USD 1.3153 on Friday after the Financial Times reported Prime Minister Keir Starmer and finance minister Rachel Reeves have ditched their manifesto-busting plan to increase income tax rates.

Oil prices rose in early trade but were set for the third straight week of declines. US West Texas Intermediate crude gained 0.4% to USD 58.91, but was down 1.4% this week.

Spot gold prices rose 0.3% to USD 4,183 per ounce, having lost 0.6% overnight to snap a four-day winning streak. It remained well off its record top of USD 4,381.

(Reporting by Stella Qiu; Editing by Shri Navaratnam)

US 10-year Treasury yields priced for no inflation surprises, set to rise modestly

BENGALURU – US 10-year Treasury yields, assuming no upside inflation surprises, are likely to rise modestly in coming months, according to a Reuters poll of market experts, while short-dated yields are forecast to decline on rate cut bets.

The survey results suggest inertia in the world’s largest debt market despite a long list of potential risks, not least of which is a mountain of upcoming supply.

US President Donald Trump’s recently passed budget will require an estimated USD 3 trillion of additional borrowing over the coming decade but that flood of expected issuance has yet to make any significant impact on current pricing.

The benchmark 10-year Treasury yield, currently 4.09%, was forecast to trade at 4.10% in the coming three and six months, before rising to 4.21% in a year, according to median forecasts from over 50 bond strategists surveyed from November 6 to 13. Medians were broadly unchanged from last month’s survey.

Other market pricing, including multiple breakeven rates embedded in inflation-protected Treasury securities, points to lower market-based inflation expectations compared with earlier in the year.

That has coincided with the absence of official government data during the longest shutdown in history that just ended on Wednesday, and still no serious official inflation evidence from US tariffs on imported goods put in place this year.

Jean Boivin, head of the BlackRock Investment Institute, said this reflects a familiar pattern: bond markets are often excessively responsive to near-term developments.

“The implication is it’s very likely the market is over-indexing on the recent track of inflation. And I don’t think you make a good return by positioning in the near-term for what the market will only eventually price in properly. But I do think eventually the market will start to reflect more inflation expectations.”

Indeed, the Federal Reserve’s preferred inflation gauge is running at nearly 3% and has been above the 2% target for over four years. US consumer inflation expectations have also remained elevated through most of the year.

Boston Fed President Susan Collins said on Wednesday that persistent inflation warrants greater caution about the path of future easing, particularly for the upcoming December 17-18 Fed meeting.

According to the poll, the rate-sensitive two-year Treasury yield, currently 3.58%, was forecast to fall to 3.50% in three months and 3.40% in six months.

Interest rate futures remain priced for three-to-four rate reductions by end-2026 despite stark divisions on the Federal Open Market Committee on how soon rates need to fall again.

Over three-quarters of respondents to an additional question, 26 of 34, said the yield curve would modestly steepen by the end of January.

That included Michael Chang, head of rates derivatives strategy at Citi, who said the market was still bracing for higher “term premium” – compensation demanded for holding debt over time – as Treasury issuance continues to rise.

“We’re expecting most of the coupon issuance increase to be announced in next year’s November refunding meeting…And regardless of where the increase happens on the curve, that’s going to translate to repricing for a higher term premium overall.”

“That means the curve is probably going to be steeper, with the long end underperforming the front and the belly of the curve,” Chang added.

(Reporting by Sourav Ganguly; Additional reporting by Jaiganesh Mahesh; Polling by Mumal Rathore and Anant Chandak; Editing by Ross Finley and Sharon Singleton)

Asian equities witness over USD 10 billion foreign outflows in November as AI rally stalls

Asian equities witnessed steep cross-border outflows in the first week of November as investors booked profits on caution over lofty tech valuations and uncertainty about the sustainability of an extended market rally.

Foreigners divested approximately USD 10.18 billion worth of stocks in Taiwan, South Korea, India, Thailand, Indonesia, Vietnam and the Philippines for the week ended November 7 in a turnaround from USD 2.28 billion worth of net purchase in October, data compiled by LSEG showed.

South Korean stocks witnessed roughly USD 5.05 billion net foreign outflows last week, reversing USD 4.21 billion inflows for the prior month.

Taiwan stocks saw USD 3.86 billion net cross-border sales, exceeding USD 3.21 billion outflows for October.

“Foreign outflows in Korea and Taiwan equities are primarily driven by the weakness in leading AI-related companies, which is consistent with the global headwinds across other markets such as Japan and the US,” said Jason Lui, the head of APAC equity and derivative strategy at BNP Paribas.

The MSCI’s Asia ex-Japan information technology sector index lost 4.23% last week after registering 62.5% gains in the six-month period through October. The MSCI’s global information technology sector index shed 4.38% in the previous week.

“Renewed worries over elevated tech valuations have triggered volatility, but solid fundamentals suggest current levels are justified,” said Mark Haefele, chief investment officer, UBS Global Wealth Management.

“We forecast an earnings growth of 15% for global tech this year, followed by a solid 12.5% increase in 2026.”

LSEG data showed that the MSCI Asia Pacific ex-Japan index had a 12-month forward PE ratio of 15.81, as of end-October, the highest since June 2021.

Indian equities, meanwhile, saw a net USD 1.42 billion foreign outflows last week after securing USD 1.66 billion in inflows in October.

“India is now the biggest underweight in GEM portfolios and only a quarter of funds we track are overweight India vs their benchmark,” according to an HSBC report last Friday.

“We see India as a good AI hedge and provides diversification for those who feel uncomfortable with the AI rally. India will be an outsized beneficiary of any additional money coming into the EM region,” the report said.

Vietnam and Thai stocks also saw foreign outflows of USD 95 million and USD 40 million, respectively, while Indonesia and the Philippines attracted inflows of USD 207 million and USD 77 million, respectively, in the previous week.

(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Sherry Jacob-Phillips)

Gold gains 2% on optimism about US government reopening

Gold prices climbed 2% on Wednesday as US Treasury yields slipped ahead of a House vote to reopen the government, a move that could revive economic data releases and bolster expectations for a Federal Reserve rate cut in December.

Spot gold rose 2% to USD 4,208.98 per ounce, its highest level since October 21, as of 1:46 p.m. ET (1846 GMT).

US gold futures for December delivery settled 2.4% higher at USD 4,213.60 per ounce.

Benchmark US 10-year yields fell 1% to their lowest level since November 5.

“The government is opening up in the US and the market is anticipating economic data releases, which in all likelihood will show that the American economy has weakened,” said Bart Melek, head of commodity strategies at TD Securities, adding that traders might be increasing longs and covering some short positions.

The Republican-controlled House of Representatives is due to vote later in the day on a deal to end the longest government shutdown in US history.

The 42-day shutdown has weighed on the economy and halted government data, prompting policymakers and markets to rely on private indicators to gauge the state of the economy.

Spot silver gained 4.6% to USD 53.58 per ounce, its highest level since October 17.

“There’s a lot of concern right now, especially in silver, that supplies are very low. What you’re seeing right now in gold is a spillover from silver this morning,” said RJO Futures market strategist Bob Haberkorn.

Meanwhile, Tuesday’s weekly jobs data from ADP showed private employers shed an average of 11,250 jobs a week in the four weeks ending October 25, signaling continued weakness in the labor market.

Traders now see a 65% probability of a 25-basis-point rate cut at the Fed’s meeting in December, according to CME Group’s FedWatch tool.

Non-yielding gold tends to do well in low-interest-rate environments and during times of economic uncertainty.

Elsewhere, platinum rose 2% to USD 1,616.80 and palladium was up 2.5% to USD 1,480.58.

(Reporting by Noel John in Bengaluru; Editing by Leroy Leo, Ed Osmond, and Alan Barona)

Dow notches record-high close while Amazon weighs on Nasdaq

Wall Street’s main indexes were mixed on Wednesday, with the Dow notching a record-high close and the Nasdaq losing ground as investors rotated out of pricey technology stocks while focusing on a likely end to a historic US government shutdown.

The House of Representatives was set to end the longest government shutdown in US history, with a vote on a stopgap funding package to restart disrupted food assistance, pay hundreds of thousands of federal workers, and revive a hobbled air traffic control system.

Still, President Donald Trump will have to sign the compromise into law.

“That should be positive from a sentiment standpoint, removing one of the key risks that’s out there. As well, the proper functioning of the federal government and the FAA (Federal Aviation Administration) and airline system is important to the operation of the real economy,” said Bill Northey, senior investment director at US Bank Wealth Management, in Billings, Montana.

Gains of about 3.5% each in Goldman Sachs and UnitedHealth Group lifted the Dow to a record-high close for a second straight day. The index is up about 13% in 2025, lagging a nearly 17% rise in the S&P 500.

Some of Wall Street’s tech-related heavyweights lost ground. Amazon and Tesla fell about 2% each, Palantir lost 3.6% and Oracle declined 3.9%.

AMD rallied 9% after the chip designer unveiled a USD 100 billion data-center revenue target.

“We have seen somewhat of a rotation away from Nasdaq-heavy leadership toward other areas of the market doing pretty well, like healthcare and financials,” said Matt Stucky, chief equity portfolio manager at Northwestern Mutual.

“A critical component for seeing markets broaden out is having earnings broaden out as well.”

SoftBank Group’s USD 5.8 billion sale of its Nvidia stake jolted stock markets on Tuesday, stoking fears that the frenzy around artificial intelligence may have peaked, especially after recent warnings from Wall Street bank chiefs and a famed short seller. Nvidia’s quarterly report next Wednesday will be a key test of investor sentiment around AI.

The S&P 500 climbed 0.06% to end the session at 6,850.92 points.

The Nasdaq declined 0.26% to 23,406.46 points, while the Dow Jones Industrial Average rose 0.68% to 48,254.82 points.

Six of the 11 S&P 500 sector indexes rose, led by healthcare, up 1.36%, followed by a 0.9% gain in financials.

Volume on US exchanges was light, with 17.2 billion shares traded, compared to an average of 20.5 billion shares over the previous 20 sessions.

SHUTDOWN WEIGHS ON ECONOMY

The government shutdown has weighed on the economy and created a data gap for both the Federal Reserve and traders, leaving them reliant on private economic indicators.

Tuesday’s weekly update of ADP’s preliminary payroll figures showed private employers shedding an average of 11,250 jobs a week for the four weeks ended October 25, pointing to continued weakness in the labor market.

Traders are pricing in a 65% probability of a quarter-point reduction at December’s monetary policy meeting, CME Group’s FedWatch tool showed.

Atlanta Fed President Raphael Bostic said he would retire when his term ends in February, amid concerns of a push by Trump for more influence over the Fed.

Advancing issues outnumbered falling ones within the S&P 500 by a 1.5-to-one ratio.

The S&P 500 posted 36 new highs and two new lows; the Nasdaq recorded 102 new highs and 103 new lows.

(Reporting by Twesha Dikshit and Purvi Agarwal in Bengaluru, and by Noel Randewich in San Francisco; Editing by Maju Samuel and Rod Nickel)

Oil prices fall more than USD 2/bbl as OPEC says 2026 supply to match demand

HOUSTON – Oil prices fell more than USD 2 a barrel on Wednesday, weighed down by an OPEC report saying global oil supply will match demand in 2026, marking a further shift from its earlier projections of a supply deficit.

Brent crude futures settled at USD 62.71 a barrel, down USD 2.45, or 3.76% after gaining 1.7% on Tuesday. US West Texas Intermediate crude finished at USD 58.49 a barrel, down USD 2.55, or 4.18%, after climbing 1.5% in the previous session.

The Organization of the Petroleum Exporting Countries noted that world oil supply would match demand next year due to the wider OPEC+ group’s production increases. Previously, it had projected a supply deficit in 2026.

“The prospect that the market is in balance is definitely what drove down prices,” said Phil Flynn, senior analyst with Price Futures Group. “The market wants to believe it’s balanced. I think the market took OPEC more seriously than IEA.”

The International Energy Agency forecast in its annual World Energy Outlook that oil and gas demand could continue to grow until 2050. That was a departure from the IEA’s previous expectation that global oil demand would peak this decade, as the international body moved away from a forecasting method based on climate pledges.

John Kilduff, partner at Again Capital, said the OPEC outlook comes as some crude sellers cannot find buyers.

“There are cargoes going begging,” Kilduff said. “The very front of the market is forming a new price curve. There’s just a general sense of weakness in the US economy.”

Analysts have previously highlighted that crude oversupply is curbing price gains. OPEC+ agreed this month to a pause in increasing its output in the first quarter of next year, after having unwound its cuts to production since August this year.

US GOVERNMENT REOPENING

The reopening of the US government could boost consumer confidence and economic activity, spurring demand for crude oil, IG analyst Tony Sycamore wrote in a note.

The US Republican-controlled House of Representatives is set to vote later on Wednesday on a bill, already signed off by the Senate, that would restore funding to government agencies through January 30.

The US Energy Information Administration will release its outlook on Thursday.

(Reporting by Erwin Seba in Houston, Seher Dareen and Enes Tunagur in London, Colleen Howe in Beijing; Editing by Jane Merriman, Hugh Lawson, Rod Nickel, and David Gregorio)

Dollar eases as traders eye December Fed cut on weakening US jobs market

SINGAPORE – The dollar eased on Wednesday after private-sector US jobs data stoked worries about the health of the labor market, with investors also bracing for an imminent US government reopening that is expected to unleash a backlog of economic releases.

Overnight, payroll processor ADP said that US firms were shedding more than 11,000 jobs a week through late October, underscoring how hiring trends are evolving on a week-to-week basis and pointing to further weakening in a labor market being closely monitored by Federal Reserve policymakers.

The dollar fell in the aftermath of the data release and struggled to recover its losses in early Asia trade on Wednesday, as traders once again ramped up bets of a Fed cut in December.

The euro was steady at USD 1.1586 and sterling GBP= distanced itself further from a seven-month trough to last trade USD 1.3149.

Against a basket of currencies, the dollar languished near its lowest in more than a week and was last at 99.46.

“The alternative data, I think, overall points to a softer labor market picture… but whether we’re seeing a worsening deterioration in the US labor market, I think that remains an open question,” said Sim Moh Siong, a currency strategist at Bank of Singapore.

“I think the broad set of data suggests that the labor market is cooling, but only gradually so, and I think we should see some confirmation of that from the return of official data likely by next week, with the reopening of the US government.”

Traders are now pricing in close to a 68% chance that the Fed would ease rates by 25 basis points next month, up from around 62% a day ago, according to the CME FedWatch tool.

The benchmark 10-year US Treasury yield was down 3 bps at 4.0791% early in Asia, after trading was closed in the US on Tuesday owing to the Veterans Day holiday. The two-year yield also fell roughly 3 bps to 3.5596%.

“We remain of the view that the balance of risks to the labour market, inflation and consumption favour a 25-bp rate cut next month,” said Brian Martin, ANZ’s head of G3 economics, in a note.

Fed policymakers have in recent times struck a more measured tone on further easing, citing the absence of key economic data due to the US government shutdown as one reason for caution.

But a reopening could be imminent, as members of the House of Representatives headed back to Washington on Tuesday for a vote that could bring the longest shutdown in history to a close.

The Republican-controlled House is due to vote on Wednesday afternoon on a compromise that would restore funding to government agencies and end a shutdown that started on October 1.

The breakthrough has also lifted risk currencies like the Australian and New Zealand dollars, which were last up 0.02% each at USD 0.6529 and USD 0.5656, respectively.

The safe-haven yen has meanwhile been bruised from the overall risk-on market sentiment, last standing at 154.08 per dollar after sliding to a nine-month low of 154.495 in the previous session.

It has fallen nearly 0.5% for the week so far.

The yen also faced further headwinds from expectations of greater fiscal largesse in Japan, after Prime Minister Sanae Takaichi said she would work on setting a new fiscal target extending through several years to allow more flexible spending, essentially watering down the country’s commitment to fiscal consolidation.

She renewed calls for the Bank of Japan to go slow on interest rate hikes, in sharp contrast to the hawkish tilt from Fed policymakers.

(Reporting by Rae Wee; Editing by Shri Navaratnam)

Asian markets make tepid gains as US shutdown set to end

SINGAPORE – Stocks tiptoed forward at the start of Asian trading on Wednesday as the US Congress looked set to end the federal shutdown and traders looked for direction in the absence of clues from government data services.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1% in early trading as members of the House of Representatives prepared to vote on a measure that could restore funding to government agencies and end a shutdown that started on October 1 and is now the longest in US history.

Australian stocks led gains, advancing 0.2% as lithium miners drove commodity stocks higher, while Japan’s Topix jumped 0.6%.

“Sentiment improved after the US Senate passed a bill to end the longest US government shutdown on record,” analysts from Westpac wrote in a research report. “The House is expected to approve the bill in the coming days.”

S&P 500 e-mini futures ESc1 were trading flat after a mixed session for US stocks on Tuesday that saw the Dow Jones Industrial Average rise 1.2% to reach a record close, while the Nasdaq Composite slipped 0.3%.

In the absence of data from federal government agencies, traders focused on weekly jobs data from ADP on Tuesday, which showed private employers shed an average of 11,250 jobs a week in the four weeks ending on October 25.

Traders are increasing bets on further easing from the Federal Reserve. Fed funds futures are pricing an implied 68% probability of a 25-basis-point cut at the US central bank’s next meeting on December 10, compared to a 62% chance a day earlier, according to the CME Group’s FedWatch tool.

The US dollar index, which measures the greenback’s strength against a basket of six currencies, was last down 0.2% at 99.451, trading near the lowest levels this month.

The US dollar was little changed against the yen at 154.13 and the euro at USD 1.1583.

Brent crude rose 1.6% to USD 65.09 per barrel, the highest since October 31, on the impact of the latest US sanctions on Russian oil and optimism over a potential end to the government shutdown, although oversupply concerns limited gains.

Gold was trading 0.4% higher at USD 4,141.35 per ounce.

Bitcoin was last up 0.4% at USD 103,074.41.

(Reporting by Gregor Stuart Hunter; Editing by Kim Coghill)

Gold gains for fourth day on softer dollar, Fed rate-cut optimism

Gold rose for a fourth straight session on Wednesday, supported by a weaker dollar and expectations that the reopening of the US government and flow of economic data will strengthen bets for an interest rate cut from the Federal Reserve next month.

FUNDAMENTALS

* Spot gold was up 0.4% at USD 4,142.70 per ounce by 0012 GMT, after hitting its highest since October 23 on Tuesday.

* US gold futures for December delivery rose 0.8% to USD 4,149.20 per ounce.

* The US Senate passed a deal on Monday to restore federal funding after a record-long shutdown that has disrupted food benefits for millions, left hundreds of thousands of federal workers unpaid, snarled air traffic, and delayed the release of government economic data.

* The deal still needs approval in the House of Representatives, where Speaker Mike Johnson has said he wants a vote as soon as Wednesday. It will then go to US President Donald Trump to be signed into law.

* Traders are pricing in a roughly 68% probability that the US central bank will cut rates by 25 basis points next month, up from 64% in the previous session, according to CME Group’s FedWatch tool.

* Non-yielding gold tends to do well in a low-interest-rate environment and during economic uncertainties.

* The dollar index, meanwhile, fell for a fifth straight session, making gold more attractive for other currency holders.

* Fed Governor Stephen Miran said on Monday a 50-bps rate cut would be appropriate for December, noting that inflation is falling while the unemployment rate is drifting higher.

* SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings rose 0.41% to 1,046.36 metric tons on Tuesday from 1,042.06 tons on Monday.

* Elsewhere, spot silver firmed 0.1% to USD 51.29 per ounce, platinum eased 0.1% to USD 1,583.10, and palladium was steady at USD 1,443.56.

DATA/EVENTS (GMT)
0700	Germany HICP Final YY Oct

(Reporting by Brijesh Patel in Bengaluru; Editing by Rashmi Aich)

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