– Asian stock markets fell, currencies resilient
– Moody’s upgraded Philippines to Ba1, in line with S&P and Fitch
– US stock markets to close as Hurricane Sandy approaches
– Italy to sell six-month bills today
What to watch for today
USD: Earning and spending. Today’s US income and spending report for September is expected to show consumer spending posting its biggest monthly gain since February, consistent with robust retail sales already reported for this month. Another October data point is due with the release of the Dallas Fed manufacturing survey.
Click here to read the full report: FX Daily
Credit Suisse