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Citi Wealth Insights

Bringing Citi’s global views to you.

Japan architecture

FX

Japan’s trade deficit surge amid Yen weakness, inflation hits four-decade high but BoJ Governor Kuroda unmoved

By Tiwari Jaideep |
JPY: Japan’s real exports increase 1.3% MoM in October after a 0.2% MoM gain in September, driven by intermediate goods, auto-related goods and IT-related goods.
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Global Connectivity

FX | Economy/Politics | Wealth Insights

What Moves Exchange Rates?

By Citi Investment Lab |
Most investors face multiple sources of currency exposure in both their investment and non-investment holdings. We explore the drivers and impacts of exchange rate movements.
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UK Flag

FX

UK’s 3Q GDP growth contracts, recession likely in 4Q

By Tiwari Jaideep |
GBP : UK GDP contracts by 0.2% QQ in 3Q 22 from a gain of 0.2% QQ in 2Q 22, but overshoots consensus expectation of a contraction of 0.5% QQ.
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Statue of Liberty

FX

US jobs data keeps pressure on the Fed to raise rates further albeit at a slower pace

By Tiwari Jaideep |
USD: The US economy adds 261k jobs in October, above consensus expectations for 190k with gains broad based.
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Federal Reserve

FX

Firm US spot inflation indicators means any Fed dovish pivot is still quite a ways off

By Tiwari Jaideep |
USD: In data released Friday, the US Q3 employment cost index is up 1.25%QoQ, matching the 1.2% rounded consensus and fifth consecutive reading above 1%.
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Australian Dollar

FX

Australia’s tight labor market still portends further RBA rate hikes

By Tiwari Jaideep |
AUD: In data released last Thursday, Australia’s employment rises a below consensus 0.9k in September (Citi; 37.2k, consensus;25k), while the unemployment rate and the labor force participation rate are in-line with Citi and consensus estimates and unchanged at 3.5% and 66.6%, respectively
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