US Dollar Soars to 6.5-Month High Ahead of Key Inflation Data.

The US dollar reached a 6.5-month high against major currencies, while the Japanese yen reached its lowest point since July. This shift can be attributed to the "Trump trades" that occurred in anticipation of the release of US inflation data. The dollar reached its highest level since May 1 following Donald Trump's election victory. Investors are contemplating the potential impact of tax cuts and trade tariffs on inflation and the ability of the Federal Reserve to implement further interest rate easing. The Republicans gaining control of Congress also gives the president-elect more power to implement his agenda. According to Mitul Kotecha from Barclays, there are still opportunities for further dollar gains due to import tariffs, fiscal stimulus, and deregulation. The main focus for today is the release of the US Consumer Price Index report for October, which is expected to show a slight increase of 0.3%.

Dolar AS Mencapai Puncak 6 Bulan Seiring Fokus pada Data Inflasi AS

Thailand Targets 3.5% Growth by 2025 Amid Economic Challenges.

The Thai government is targeting economic growth of 3.5% by 2025, building on this year's growth rate of 2.7%. The government plans to implement further stimulus measures and commence the second phase of a $14 billion assistance program. The Finance Minister, Pichai Chunhavajira, stated that the country's economic growth is being constrained by low investment and employment, as well as high household debt and challenges faced by small businesses. The Thai economy grew by just 1.9% last year, while the ratio of household debt to gross domestic product reached 89.6% in June, placing it among the highest in Asia. Chunhavajira attributes the dearth of investment in new technology to structural issues within the country. He highlighted the importance of implementing a unified fiscal and monetary policy to effectively tackle these challenges. Despite rising public debt, the government's objective is to maintain debt below the 70% limit. The central bank has recently reduced interest rates for the first time since 2020, with the next policy review scheduled for December 18.

Menteri Keuangan Thailand Targetkan Pertumbuhan Ekonomi 3,5% di 2025, Ini Strateginya

Russian Economy Resilient but Struggles with Soaring Food Prices and Inflation.

In spite of the significant challenges posed by the invasion of Ukraine, the Russian economy has demonstrated resilience and surpassed expectations. However, this growth has come at a significant cost, with inflation reaching 9.8% in September. The rise in prices is impacting the cost of essential food items, with the price of potatoes, a Russian staple, increasing by 64% as of November 5 due to adverse weather conditions and rising production costs. This trend is not isolated to potatoes, as overall food prices in Russia have increased this year. The situation has reached a point where individuals have resorted to illicitly obtaining butter from supermarkets, which has seen a 27.5% price increase. The inflationary environment has also had an impact on the prices of processed goods, including bread, milk, chocolate, and beer. Such food price spikes before Christmas are not uncommon. For example, last year, Russian President Vladimir Putin issued an apology for a spike in egg prices. In an effort to regulate pricing, the Russian central bank has increased the benchmark interest rate to a record high of 21% last month.

Inflasi Sangat Buruk, Harga Makanan Pokok Rakyat Rusia Ini Meroket 64%