Other news

After a recent decline to the level of 1.032 during the Asian session, there’s been some recovery of the euro against the U.S. dollar.

Japan’s industrial output showed negative growth for the second month in a row due to the fall of global demand and ongoing supply issues. All of these factors have a negative impact on the Japanese producers’ activity.

Grave macroeconomic risks provoke higher volatility. In this regard, investors expect that the authorities will increase the trading band of the Chinese national currency, thus, allowing the market forces to show their full potential.

The Reserve Bank of New Zealand didn’t support the change to its monetary policy authority. According to these changes, the bank should indicate the terms it has to bring inflation back to target.

The dollar is falling before Jerome Powell, Chairman of the U.S. Federal Reserve (Fed), delivers a speech. The event is due to take place on Wednesday, November 30.

Bank of America (BofA), one of the world’s largest financial companies, continues to expect the Fed to change its monetary policy course.

In November, China's economic activity declined more, which happened due to the record spread of COVID-19. Most likely, growth will remain weak. The central bank is expected to offer additional incentives to help the country's economic recovery.

Gold prices fell slightly on Wednesday ahead of the Federal Reserve Chairman Jerome Powell's message. However, they recovered on the hints that the Federal Reserve could soon slow its future increases.

Oil prices rose in early Asian trading on Wednesday, driven by a decline in U.S. crude stocks. However, market participants' concerns that OPEC+ will leave its production policy unchanged at its upcoming meeting acted as a constraint on oil prices.

Economic Calendar Events for November 30, 2022.