The Japanese yen weakened against other major currencies in the Asian session on Wednesday, as Japan's Prime Minister Sanae Takaichi signals a looser fiscal target and calls for caution in the Bank of Japan (BoJ) rate hike.

Final inflation from Germany and industrial production from Italy are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to release Germany's final inflation data for October. The flash estimate showed that consumer price inflation is forecast to ease to 2.3 percent from 2.4 percent in September.

The UK unemployment rate increased to the highest since early 2021 in the third quarter, raising chances of an interest rate cut, official data revealed on Tuesday. The ILO jobless rate rose to 5.0 percent in the third quarter from 4.8 percent in the three months to August, the Office for National Statistics said. The rate was above economists' forecast of 4.9 percent.

German economic confidence weakened moderately in November as investors became concerned about the ability of economic policies to address its key issues, a monthly survey conducted by the think tank ZEW showed Tuesday. The economic sentiment index fell unexpectedly to 38.5 in November from 39.3 in the previous month. The reading was forecast to rise to 41.0.

Unemployment from the UK and economic sentiment from Germany are the major economic reports due on Tuesday. At 2.00 am ET, the Office for National Statistics publishes UK labor market statistics. The jobless rate is forecast to rise to 4.9 percent in the three months to September from 4.8 percent in the preceding period.

The U.S. Dollar slipped during the week ended November 7 amidst uncertainty surrounding the Fed's monetary policy outlook.

Eurozone investor confidence weakened in November as the economy struggles to emerge from the slump, survey results from the behavioral research institute Sentix showed on Monday. The investor confidence index fell unexpectedly to -7.4 in November from -5.4 in October. The score was forecast to improve to -3.9.

Consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of November, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index slid to 50.3 in November after falling to 53.6 in October. Economists had expected the index to edge down to 53.2.

Germany's exports rebounded in September as demand from the US increased for the first time after five months of decrease, data from Destatis showed on Friday. Exports grew by more-than-expected 1.4 percent in September, offsetting the 0.8 percent fall in August. This was the fastest monthly increase since last November and stronger than forecast of 0.5 percent.

China's exports declined for the first time in eight months in October as higher trade tariffs dampened demand from the US, and imports growth eased sharply on weaker domestic demand. As the impact of front-loading faded, exports dropped 1.1 percent on a yearly basis in October, figures from the General Administration of Customs showed Friday. This was the first decline since February.

UK house prices rose to a record high in October as property market activity remained strong ahead of Autumn Budget, data from the mortgage lender Halifax revealed Friday.
The value of the average UK homes reached GBP 299,862 in October, the highest on record. House prices grew 0.6 percent month-on-month in October, which was the fastest since January.

The Philippines' economic growth hit the worst since 2021 as natural calamities and probes on government infrastructure spending weighed on sentiment and domestic activity. Gross domestic product registered an annual growth of 4.0 percent in the third quarter after rising 5.5 percent in the preceding quarter, the Philippine Statistics Authority said Friday.

House prices from the UK and foreign trade from Germany are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, UK Halifax house price data is due. Economists forecast house prices to grow 0.1 percent on a monthly basis in October, in contrast to the 0.3 percent decrease in September.

The Bank of England decided to hold the interest rate in a tight vote on Thursday and signaled that the rate will follow a gradual downward path if disinflation process continues. The Monetary Policy Committee, led by Governor Andrew Bailey, voted 5-4 to retain the bank rate at 4.00 percent. The central bank had reduced the rate five times since August 2024, which is now at its lowest since ea

The U.S. dollar weakened against other major currencies in the Asian session on Thursday amid increased risk-off sentiment, as some traders looked to pick up stocks at reduced levels following the recent sell-off. Traders also react to upbeat private U.S. economic data and growing expectations that the U.S. Supreme Court may reject the Trump administration's aggressive trade policy.

The U.S. dollar weakened against other major currencies in the Asian session on Thursday amid increased risk-on sentiment, as some traders looked to pick up stocks at reduced levels following the recent sell-off. Traders also react to upbeat private U.S. economic data and growing expectations that the U.S. Supreme Court may reject the Trump administration's aggressive trade policy.

Germany's industrial production recovered in September driven by the rebound in the auto industry, official data revealed on Thursday. Industrial output expanded 1.3 percent from August, when it was down 3.7 percent, Destatis reported. Economists had forecast a monthly growth of 3.0 percent. Year-on-year, industrial production logged a slower decline of 1.0 percent, following a 3.6 percent fall.

The Bank of England is expected to hold its benchmark rate on Thursday as policymakers await the Autumn Budget announcement. Markets widely expect the BoE to maintain the bank rate at 4.00 percent in a split vote. The current rate is the lowest since early 2023. The policy decision is due at 7.00 am ET.

The Institute for Supply Management released a report on Wednesday showing U.S. service sector activity returned to expansion in the month of October. The ISM said its services PMI climbed to 52.4 in October after falling to 50.0 in September, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.8.

Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. rebounded by more than expected in the month of October. ADP said private sector employment climbed by 42,000 jobs in October after slipping by a revised 29,000 jobs in September. Economists had expected private sector employment to rise by 25,000 jobs.

The euro area private sector posted its strongest expansion since May 2023, supported by improved demand conditions, final survey data from S&P Global showed on Wednesday. The HCOB final composite output index improved to 52.5 in October from 51.2 in September. This was the highest score since May 2023, indicating a breakout from the generally subdued growth trend seen throughout 2025 so far.

Indonesia's economic growth softened in the third quarter as anti-government unrest weighed on household consumption, official data showed Wednesday. Gross domestic product grew 5.04 percent on a yearly basis in the third quarter, slower than the 5.12 percent expansion seen in the second quarter.

The commodity currencies such as the Australia, the New Zealand and Canadian dollars weakened against their major currencies in the Asian session on Wednesday amid increasing risk-off sentiment, dragged by the benchmark indexes in Japan and South Korea which are plunging 4 to 5 percent each on concerns over stretched valuations as global tech stocks tumble on fears that an AI bubble is about to burst.

Germany's factory orders rebounded at a stronger-than-expected pace in September driven by higher demand for auto and electrical equipments. Factory orders expanded 1.1 percent in September from August, Destatis reported Wednesday. Orders were forecast to advance 0.9 percent, reversing a revised 0.4 percent drop in August.

Factory orders from Germany and final purchasing managers' survey results from the euro area are due on Wednesday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders data. Orders are forecast to grow 0.9 percent on a monthly basis in September, a turnaround from the 0.8 percent drop in August.