The October CPI data of Switzerland fell short of expectations, indicating economic stress and increasing the likelihood of a rate cut by the Swiss National Bank. Meanwhile, the Bank of Japan maintains its interest rates steady, but market anticipation for a Japanese rate hike persists, potentially bolstering the yen's strength.

The Federal Reserve took a dovish step but with a hawkish tone and Trump won the election, which boosted the U.S. dollar and increased downward pressure on the euro. 

The market is awaiting a decision from the Federal Open Market Committee (FOMC) meeting on interest rate cuts. Meanwhile, the Euro remains under pressure from weak economic factors in the Eurozone...

Volatility in global financial markets, coupled with concerns about the economic outlook in the UK and Japan, has pushed the pound into a weaker position against the Japanese yen.

With the Bank of England (BoE) set to announce its interest rate decision later today, the market anticipates a 25-basis-point rate cut, likely approved by an 8-1 vote. However, the conflicting signals from the UK's expansionary fiscal policy and tight bond markets introduce uncertainty for the future rate path. The BoE will also release updated economic forecasts, which are expected to show improvements from the August projections.

The U.S. presidential election has concluded with Trump emerging victorious. As a result, the U.S. dollar surged significantly yesterday. If Trump assumes office and enacts the policies he advocated during his campaign, expectations for a Federal Reserve interest rate cut are likely to diminish further, or even cease altogether, providing ongoing support for a stronger U.S. dollar.