EUR/USD
1.16140
0.186%
Gold
4236.64
0.981%
Oil
58.270
-0.325%
USD/JPY
154.584
-0.145%
GBP/USD
1.31362
0.025%
GBP/JPY
203.067
-0.109%
Real-time News
The onshore yuan closed at 7.0959 against the US dollar at 16:30 on November 13, up 213 points from the previous trading day.November 13th - According to a recent report from ABN AMRO, coffee and cocoa prices are expected to fall next year, primarily due to a bumper harvest increasing global surpluses, despite the agricultural markets increasing vulnerability to geopolitical risks. The banks analysts wrote that earlier this year, coffee prices surged to a record high of over $4, driven by concerns about declining production in Brazil, the largest producer, and US tariffs suppressing shipments from the South American nation. The bank expects the coffee market to shift to a significant surplus in the 2026-2027 quarter, with a surplus of 7 to 10 million bags, supported by a recovery in Brazilian Arabica coffee production, while current supply is balanced. Regarding cocoa, analysts stated that prices will continue to decline next year due to persistently weak demand and pressure from increased global production.On November 13th, Deutsche Bank analyst Sanjay Raja pointed out that although the market had already anticipated a slowdown in the UK economy from its strong growth at the beginning of the year, the third-quarter data still showed a weaker-than-expected performance. He stated, "With inflation rising again and unemployment climbing, GDP growth slowed further." The UKs third-quarter economic growth was only 0.1%, placing it in the middle of the G7 and below market and Bank of England expectations. Raja believes that given the uncertainty caused by the government budget has already affected spending in October and November, with major investment and hiring decisions postponed to the new year, the UK economy is unlikely to show significant improvement before the end of this year.The Hang Seng Index closed up 150.3 points, or 0.56%, at 27,073.03 on Thursday, November 13; the Hang Seng Tech Index closed up 47.31 points, or 0.8%, at 5,981.3; the H-share Index closed up 60.07 points, or 0.63%, at 9,599.06; and the Red Chip Index closed up 8.59 points, or 0.2%, at 4,351.29.The dollar fell on Thursday as traders remained cautious about potentially weak data following the reopening of the U.S. government. The House of Representatives passed a temporary funding bill on Wednesday to end the record-long government shutdown, which President Trump subsequently signed into law. This move will allow official data releases to resume, although the specific timeline remains unclear. Kristoffer Kjaer, head of foreign exchange and interest rate strategy at Danske Bank, noted in a report that up to three jobs reports and two inflation data points could be released before the Federal Reserves December interest rate decision. However, Danske Bank expects the dollar to rebound, predicting that U.S. data may show resilience and prompt the Fed to abandon a rate cut in December.
