This week delivered a potent mix of drama as traders navigated shifting US-China trade dynamics, surprise inflation readings, and geopolitical flare-ups that sent ripples through global markets.
While confirmation of the Trump-Xi summit at APEC provided an optimistic anchor, UK borrowing challenges ahead of Chancellor Rachel Reeves' November 26 budget and US sanctions on Russia's largest oil producers added layers of complexity. From softer-than-expected US inflation data to Japan's political shift signaling looser policy, each currency pair told its own compelling story against the backdrop of broader market themes.
Let's break it all down, shall we?