– Asian currencies fell, shares mixed
– Singapore revised down Q3 GDP, lowered 2013 GDP projection
– We have revised our AUDUSD forecast higher, USDCNY lower
– We recommend 2m EURAUD put, EURCZK longs, and PLNRUB shorts
What to watch for today
USD: IP update. Our economists expect industrial production to expand by a mere 0.1% mom in the month of October, below consensus set at 0.2% mom and well below the 0.4% mom reported September. The poor data would reflect the impact of Hurricane Sandy, and as such would likely go overlooked at a market level.
Click here to read the full report: FX Daily
Credit Suisse