Halister News

(Bloomberg) -- Most Asian currencies strengthen, led by KRW, NZD and MYR, after China manufacturing PMI jumps to 2-year high.

• Yen weakens after BOJ maintains policy; follow rolling coverage here
• RBA due to announce cash rate target at 2:30pm Sydney time
• Bonds in region steady
• Onshore yuan heads for first 2-day gain vs dollar in 6 weeks
  • Offshore yuan pared loss after data but has since weakened 0.1%
  • China Oct. manufacturing PMI at 51.2 vs 50.3 est. and 50.4 prior; non-manufacturing PMI beats September and Caixin manufacturing PMI tops est.
  • Strong PMI reading supportive of Asian regional trading partner currencies, particularly AUD, KRW and TWD, says RBS
  • PMI may lift China 10-year govt bond yield to 3%: Commerzbank
  • New export orders PMI dropped to 49.2, signaling weak global demand; Natixis says PBOC may keep weak yuan bias to counter that soft demand
• Yen weakens 0.1% to 104.94 per dollar as BOJ refrains from easing
  • BOJ says risks to economic activity and prices are skewed to downside; cuts inflation forecasts
  • November bond purchase plan may get more attention for signs of reduction in buying of super-long term debt; plan to be released at 5pm Tokyo time
  • AUD/JPY could retreat to 78.074 level near term as pair fails to breach 200-DMA resistance: Analysis
• Aussie gains for third day before RBA decision
  • RBA will leave its benchmark rate unchanged, according to 22 of 28 economists surveyed by Bloomberg; remainder expect 25bps cut
  • BNP Paribas expects RBA to send somewhat dovish message and avoid providing catalyst for further AUD gains
• Won strengthens as much as 0.5% vs dollar
  • S. Korea CPI +1.3% y/y in October, highest since February; est. +1.1%
  • October exports -3.2% y/y vs -3.1% est., imports -5.4% vs -4.4% est.
  • Prosecutors detain Choi Soon-sil, who is at center of an influence-peddling scandal involving President Park: Yonhap News
  • Korean scandal a blow for president, but not economy: Capital Economics
• Ringgit swings to a gain after China manufacturing PMI
  • Malaysia likely to report weaker trade number this week, which will maintain pressure on MYR, CIMB writes in note; trade data due Nov. 4
• Rupiah advances for a second day
  • Indonesia CPI est. +3.3% y/y in October vs +3.07% in September, according to Bloomberg survey before data today; no time specified for data release
  • USD/IDR may be capped at 50-DMA if CPI quickens: Analysis