ForexLive Asia-Pacific FX news wrap: USD a little softer

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Does this mean inflation is under control now?</a></li><li><a href="https://www.forexlive.com/news/australian-preliminary-pmi-for-november-manufacturing-477-prior-482-20231122/">Australian preliminary PMI for November: Manufacturing 47.7 (prior 48.2)</a></li><li><a href="https://www.forexlive.com/Cryptocurrency/crypto-industry-has-sent-us20mn-on-lobbying-so-far-in-2023-coindesk-report-20231122/">Crypto industry has spent US$20mn on lobbying so far in 2023: Coindesk Report</a></li><li><a href="https://www.forexlive.com/news/dutch-anti-eu-populist-wilders-far-right-freedom-party-pvv-set-for-big-election-win-20231122/">Dutch anti-EU populist Wilders' far-right Freedom Party (PVV) set for big election win</a></li><li><a href="https://www.forexlive.com/news/trade-ideas-thread-thursday-23-november-insightful-charts-technical-analysis-ideas-20231122/">Trade ideas thread – Thursday, 23 November, insightful charts, technical analysis, ideas</a></li><li><a href="https://www.forexlive.com/news/spacex-musks-company-reportedly-planning-to-sell-shares-at-a-150bn-valuation-in-dec-20231122/">SpaceX, Musk's company, reportedly planning to sell shares at a $150bn valuation in Dec,</a></li><li><a href="https://www.forexlive.com/news/rebounding-uk-debt-market-defies-expectations-says-dmo-ceo-20231122/">Rebounding UK debt market defies expectations, says DMO CEO</a></li><li><a href="https://www.forexlive.com/news/large-outbreak-of-pneumonia-in-china-pediatric-hospitals-in-beijing-liaoning-overwhelmed-20231122/">Large outbreak of pneumonia in China, pediatric hospitals in Beijing, Liaoning overwhelmed</a></li><li><a href="https://www.forexlive.com/news/stocks-cme-futures-and-sifma-cash-interest-rates-thanksgiving-holiday-trading-times-20231122/"><strong>Stocks, CME (futures) and SIFMA (cash interest rates) Thanksgiving holiday trading times</strong></a></li><li><a href="https://www.forexlive.com/news/forexlive-americas-fx-news-wrap-22-nov-michigan-inflation-expectations-remain-elevated-20231122/">Forexlive Americas FX news wrap 22 Nov: Michigan inflation expectations remain elevated.</a></li></ul><p><br></p><p>

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</p><p>
<font color="#000000"><font face="Calibri, sans-serif"><font size="3"><span lang="en-AU">There
was some USD weakness during the session with gains across major FX.
</span></font></font></font><font face="Calibri, sans-serif"><font size="3">Japanese
markets were closed for the Labor Thanksgiving Day holiday and US
markets will be closed also on Thursday for the Thanksgiving holiday.
</font></font>
</p>
<p><font face="Calibri, sans-serif"><font size="3">News
flow was light. Dutch anti-EU far-right populist Geert Wilders won
the most seats in the election, with 35 out of 150 seats, 9 seats
ahead of the closest rival. This is a greater margin than was
expected. Wilders is expected to try to form a right-wing coalition
government with the VVD and new party 'New Social Contract'. It won't
be smooth sailing though, both parties have said they have serious
doubts about working with Wilders. Many pundits express scepticism
that Wilders can become PM. I’m not in touch with Dutch political machinations so will leave the intricacies to those who are, but will
say the better than expected performance will be an encouragement for
other far-right populist politicians in Europe and more widely. As I
said above, though, EUR bounced alongside a broadly weaker US
dollar. </font></font>
</p>
<p><font face="Calibri, sans-serif"><font size="3">The
suspected terrorist attack on the US-Canada border crossing on
Wednesday has since been shown to be a tragic traffic mishap. The FBI
has handed over the investigation to local authorities. </font></font>
</p>
<p><font face="Calibri, sans-serif"><font size="3">China's
state planner, </font></font><font face="Calibri, sans-serif"><font size="3">the
National Development and Reform Commission of the People's Republic
of China (NDRC), said it’ll be ramping up regulation of iron ore
trading. AUD came off its session highs on the headline. </font></font>
</p>
<p><font face="Calibri, sans-serif"><font size="3">New
Zealand is expected to swear in new PM Luxon on Monday. The election
was back on October 14 but the NZ system can leave results in the
wind for some time. Obviously. </font></font>
</p>
<p><font face="Calibri, sans-serif"><font size="3">Finally,
and I hope of no relevance whatsoever going forward, a major outbreak
of pneumonia in China has reportedly overwhelmed paediatric hospitals
in Beijing and Liaoning.</font></font></p>
<p><font face="Calibri, sans-serif"><font size="3">Happy
Thanksgiving to those celebrating!</font></font></p>

<br><p><br></p><figure data-media-><img src="https://images.forexlive.com/images/cme%20thanksgiving%20holidays%202023_id_987ff12e-bac3-402d-8e3a-20b98c8cced6_size900.jpg" alt="cme thanksgiving holidays 2023 fx" width="1116" height="1117" wrapper-="wrapper-" data-src="https://images.forexlive.com/images/cme%20thanksgiving%20holidays%202023_id_987ff12e-bac3-402d-8e3a-20b98c8cced6_size900.jpg" /></figure><p>More on the above here:</p><ul><li><a href="https://www.forexlive.com/news/stocks-cme-futures-and-sifma-cash-interest-rates-thanksgiving-holiday-trading-times-20231122/" target="_blank" rel="follow">Stocks, CME (futures) and SIFMA (cash interest rates) Thanksgiving holiday trading times</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.