 Movements in the currency markets today are somewhat mixed today. Commodity currencies are generally underperforming, led by a sharp decline in Australian Dollar. Investor sentiment in Asia was dampened by the lack of detailed stimulus measures from China, following the much-anticipated post-holiday announcement. This disappointment was starkly reflected in Hong Kong’s stock markets, which saw a massive -9.41% drop with record-breaking trading volume. Swiss Franc, however, sits at the bottom of the currency performance chart despite the absence of any immediate fundamental drivers. A plausible explanation is tied to ECB’s top hawks signaling another 25bps rate cut at the next meeting. With this expectation already priced into Euro, pressure may now be shifting to SNB to respond with a larger rate cut in December to weaken the Franc. Sterling leads the currency gains today, followed by Japanese Yen. Yen continues its rebound, boosted by Japan’s verbal intervention efforts as USD/JPY inched closer to 150 level earlier in the week. Meanwhile, Dollar remains mixed, with traders eyeing Thursday's US CPI release for further direction.... | 
