ECB President Lagarde said long-term financing costs have risen somewhat since September.

1. The Federal Reserve held its October policy meeting, keeping interest rates unchanged. Hamak and Cook hoped for a 25 basis point rate hike. The statement noted a strong economy and emphasized the need to gather more information before further action. Warsh believes financial conditions have tightened, but wouldn't call it a contraction; the impact of the September rate hike was largely in line with expectations, and inflation expectations are moving in the right direction; the number of policy meetings will decrease starting next year. 2. The Bank of Thailand kept interest rates unchanged at 1%, stating that monetary policy should remain accommodative. 3. Hong Kong exports surged nearly 65% in September, the highest increase in over 40 years. 4. Australian inflation pushed up expectations of a rate hike, with the Australian dollar rising to a five-week high. 5. UK Chancellor of the Exchequer Healy: We will spend an additional £14 billion on debt interest this year. 6. The UK Office for Budget Responsibility raised its economic growth forecast for this year but lowered its forecast for next year. 7. The Bank of Canada raised interest rates for the first time in over three years, and further rate hikes are possible in the future. 8. A member of the Bank of Korea: The Korean won has appreciated faster than expected recently, requiring close monitoring. 9. Market news: Traders say the Reserve Bank of India may be selling dollars to support the rupee. 10. A report states that Germany's trade deficit with the Asia-Pacific region will reach a record high in 2026. 11. Danske Bank: French fiscal risks weaken expectations of a European Central Bank rate hike, and the euro may weaken further. 12. The Hong Kong Monetary Authority kept its benchmark interest rate unchanged at 4.25%, while the Federal Reserve held rates steady overnight. 13. Sources familiar with UK Chancellor of the Exchequer Healy's budget revealed that the UK bank tax increase will be temporary, with an additional tax rate below 8%.

TD Securities expects US Q3 GDP to accelerate to 2.5% from 2.2% and core PCE to tick up to 3.1% YoY from 3.0%; the bank says the data may show sufficient activity resilience to withstand further Fed tightening. TD Securities notes consumption and investment remain strong while net exports and inventories could drag. Ahead of the preliminary Q3 GDP and September PCE releases, the dollar strengthened and AUD/USD traded near 0.7040 in European hours.