currency banking, Overview

GBP/USD fell 0.4% to 1.2700, the lowest level in a week.The European Central Bank predicts that the inflation rate will drop to 2% in the fourth quarter of 2025.Italian 10-year bond yields continued to rise, rising by 10 basis points to 3.29%.

US Secretary of State Blinken: Turkish interests in Syria focus on combating terrorism; Key external participants should not trigger new conflicts.WTI crude oil fell by 1.00% in the day and is now reported at $69.26/barrel.US National Security Adviser Sullivan: There are a series of risks in the situation in Syria; We fully expect that Israel's occupation of the Syrian buffer zone is temporary.

Israel Defense Forces: Syria's air defense system has been seriously damaged; More than 90% of Syria's surface-to-air missiles have been destroyed.After the US PPI and initial application data were released, the price of gold dropped further. After the US PPI and initial application data exceeded expectations, the price of gold continued to decline. Paul Ashworth, a macro analyst at Kaitou, said: "The components of PCE favored by the Federal Reserve are generally weak, and the CPI data released yesterday indicate that the monthly rate of core PCE will only increase slightly by 0.03%. Now it seems that the Fed is more likely to continue to cut interest rates by 25 basis points next week. " At the same time, the number of initial jobless claims increased by 17,000 last week, the highest level since mid-October last year, while economists expected a decrease of 4,000 to 220,000.According to the report, the Israeli Air Force has completed the investigation of the October 7 incident and will submit it to the Chief of Staff next week.