· The dollar slipped amid uncertainty over the fate of the U.S. tax reform plans, while the New Zealand dollar rallied as hawkish-sounding statements by the country’s central bank boosted the recently-battered currency.
The dollar index against a basket of six major currencies was 0.1 percent lower at 94.789 .DXY, staying below a three-month high of 95.150 set in late October.
· U.S. House Republicans plan to bring their tax overhaul bill for a vote next week, U.S. House Ways and Means Committee Chairman Kevin Brady said on Tuesday, adding that he expects the plan to pass.
"We'll bring to the floor next week," Brady told Fox News in an interview. "Our goal is to pass it next week out of the House."
· The U.S. Senate Banking Committee will hold a confirmation hearing for Jerome Powell, President Donald Trump's nominee for chairman of the Federal Reserve Bank, on Nov. 28, the committee said in a statement on Wednesday.
· Progress in Britain’s divorce talks with the European Union would give the biggest boost to sterling in the coming year, according to foreign exchange strategists who painted a benign outlook for the pound.
· China's consumer inflation rate accelerated to 1.9 percent in October from a year earlier, beating market expectations, the National Bureau of Statistics (NBS) said on Thursday.
Producer prices rose 6.9 percent on-year, unchanged from previous month's increase.
Analysts had predicted the PPI would rise 6.6 percent.
China's economy recorded better-than-expected growth of nearly 6.9 percent through the first nine months of this year, buoyed largely by a recovery in its manufacturing and industrial
sectors thanks to strong government infrastructure spending, a resilient property market and unexpected strength in exports.
· Chinese President Xi Jinping said on Thursday that China will persist with the goal of denuclearising the Korean peninsula and solving the issue through talks.
· Talks on pushing ahead the Trans Pacific Partnership (TPP) trade deal without the United States reached a critical point on Thursday as ministers from the 11countries discussed a proposed agreement in principle.
Meetings over the TPP, ditched by U.S. President Donald Trump in one of his first acts in office, have been held on the sidelines of Asia Pacific Economic Cooperation (APEC) meetings in the Vietnamese resort of Danan
· Oil prices held steady on Thursday after falling late in the previous session, supported by ongoing supply cuts led by OPEC and Russia.
However, traders said a price rally that has pushed up Brent crude by over 40 percent since July may have run its course due to increases in U.S. supplies and some indicators of a demand slowdown.
Brent futures LCOc1 were at $63.58 per barrel at 0516 GMT, up 9 cents, or 0.1 percent, from their last close, but over $1 off the more than two-year high of $64.65reached earlier this week.
U.S. West Texas Intermediate (WTI) crude CLc1 was at $56.87 per barrel, up 6 cents, or 0.1 percent, but also some way off this week’s more than two-year high of $57.69 a barrel.
Reference: Reuters, CNBC
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