The Traderszone Network

AUD/USD
Currently 0.7226
– 
NZD/USD
Currently 0.6570

In the nearly six months since summer elections saw AKP lose its absolute parliamentary majority in Turkey after a strong showing at the ballot box by the pro-Kurdish HDP, it’s been interesting to watch how the central bank has reacted (or, more appropriately, “not” reacted) to periods of weakness in the lira.

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Welcome to Friday! OK, you’ve eaten too much turkey and you feel sleepy. It wasn’t the kilogram of carbs, nor the gallon of alcohol …. nope, not that at all. Just the turkey. 😀

LONDON/NEW YORK (Reuters) – Alan Schwartz knows how to play a long game. The executive chairman of boutique investment bank Guggenheim Partners spent almost 20 years cultivating Pfizer (PFE.N) boss Ian Read as a client. Schwartz, 65, had been working with Read since 2013 to find a European-registered company with which U.S. firm Pfizer could combine and shift its headquarters to a country with a lower tax rate, so-called inverting.

HONG KONG/SHANGHAI (Reuters) – Chinese insurers are on a hiring binge, recruiting an army of agents to sell their products to a burgeoning middle class, but the risk of mis-selling by inexperienced agents on commission could prove costly to the industry and its customers.

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The Bank of Japan are shooting for 2% inflation. Its taking some time, but they’re getting there (so they keep telling us).
Coming up we’ll get a chance to assess how they are doing. Due at 2330GMT, October CPI data, along with other data points.

Forex news for Nov 26 in North America:
– Gold up $1 to $1072
– WTI crude down 53-cents to $42.50
– S&P/TSX up 0.13%
– JPY leads, USD lags
There was no love for the US dollar on Thanksgiving as it drifted lower.