Golden Ten Data Compilation: Daily Global Forex Market News Express (November 24th)

USD: 1 Federal Reserve's Williams: Still believes there is room for interest rate cuts in the near future; Fiscal policy may have pushed the neutral interest rate up by 25 to 50 basis points. 2. Federal Reserve Collins: There are still reasons to be cautious about the December interest rate cut. 3. Federal Reserve Governor Milan: If my vote becomes a crucial vote, I will support a 25 basis point rate cut. 4. Federal Reserve Logan: In a situation where inflation remains high and the labor market is generally balanced, the Federal Reserve needs to "temporarily keep interest rates unchanged". 5. UBS: It is expected that the data performance next week will be weak enough to increase the probability of the Federal Reserve cutting interest rates before the end of the year. 6. Barclays: Powell may push the Federal Reserve to cut interest rates next month. Euro: 1 The initial value of Germany's manufacturing PMI for November recorded 48.4, a six-month low; The initial value of Germany's November service PMI recorded 52.7, a two month low; The initial value of Germany's comprehensive PMI for November recorded 52.1, a two month low. The initial manufacturing PMI for the Eurozone in November recorded 49.7, a 5-month low; The initial value of the Eurozone's November service PMI recorded 53.1, an 18 month high; The initial value of the Eurozone's composite PMI for November recorded 52.4, a two month low. 3. European Central Bank Vice President Jindos: Based on existing information and indicators, the level of interest rates is appropriate. 4. European Central Bank Managing Director Mueller: It seems that in the foreseeable future, our inflation rate will be close enough to 2%. 5. European Central Bank President Lagarde: Monetary policy cannot solve debt problems. 6. European Central Bank Managing Director Pereira warns that a significant pullback in financial markets and cryptocurrency assets will be among the top short-term risks facing financial stability. Pound Sterling: 1 The initial value of the UK services PMI for November recorded 50.5, a seven month low; The initial value of the UK manufacturing PMI for November recorded 50.2, a 14 month high; The initial value of the UK's composite PMI for November recorded 50.5, a two month low. Before the UK government's budget proposal, it aims to appease businesses and significantly reduce energy costs in the manufacturing industry. 3. UK Treasury: UK Chancellor of the Exchequer Reeves is expected to further protect those receiving the national minimum wage in the budget. Japanese Yen: 1 Japanese Finance Minister Takaki Katayama: We will implement responsible fiscal policies, not just proactive fiscal policies. 2. Japanese government advisor Takuji Aida: Foreign exchange reserves can be used to intervene and support the yen. 3. Japanese unions demand a significant salary increase, adding confidence to the expectation of the Bank of Japan raising interest rates. 4. A member of the Bank of Japan stated that we are about to make a decision to raise interest rates. I cannot say which month it will be, but we are close to the timing of raising interest rates. Other: 1 Traders suggest that the Reserve Bank of India may have intervened when the US dollar to rupee exchange rate approached 89.50 to prevent further decline in the rupee. The South Korean won exchange rate has fallen to a 16 year freezing point, and the South Korean government may discuss measures to stabilize the exchange rate on Monday. 3. Swiss Central Bank Governor: Inflation is expected to rise moderately, pushing the threshold for negative interest rates to a very high level.