Overview

• The US dollar index is near a two-month high as traders expect a 25 basis-point rate cut from the Federal Reserve in November.
• Skepticism over China's fiscal stimulus commitments is negatively affecting the Australian and New Zealand dollars, with the Aussie hitting its lowest since September 12.
• New Zealand's inflation cooled to 2.2% in the third quarter, prompting speculation of a significant rate cut by the Reserve Bank of New Zealand.
• The Japanese yen is nearing the 150 per dollar level, influenced by dovish signals from Japan's central bank and government.
• The euro is close to its weakest level since August 8, ahead of the European Central Bank's anticipated interest rate cut.