investingLive Asia-Pacific FX news wrap: US government shutdown will end in days

China suspends special port fees on US ships for one yearThe US Senate has approved the first vote needed to reopen government, 60-40 voteBoJ’s Nakagawa says the Bank expects to continue raising rates as economy, prices improveSatellite images show China’s missile buildup accelerating since 2020, CNN reportsUS suspends investigation of China targeting of maritime, logistics, shipbuilding sectorsWingtech shares jump as Beijing, Netherlands signal easing of Nexperia export disputeBuffett to release farewell letter Monday preparing to step down as Berkshire Hathaway CEOChina’s gold holdings surge as ETFs and central bank boost reserves despite weaker demandJapan PM Takaichi says not ruling out a sales tax cut … in the futureGoldman Sachs raises 2026 China growth outlook to 4.8% on export strength, policy supportGold is surging higher, closing in on US$4050 again … nope, above there nowPBOC sets USD/ CNY reference rate for today at 7.0856 (vs. estimate at 7.1175)BOJ edges closer to rate hike as board signals rising confidence in wage momentumMedia sources – There are enough votes in the US Senate to end the shutdownJapan PM Takaichi to examine new govt fiscal target for future that looks at fiscal stateGoldman Sachs says AI boom resembles 1997 tech cycle, not dotcom peak, with room to runShutdown end in sight as centrist Democrats back Senate stopgap deal to reopen governmentUK firms expect 3% pay rises but warn AI could shrink jobs, CIPD survey showsBoJ Summary of Oct meeting highlights the importance of wages to future rate hikesRBA’s Hauser says its not mad to think future rate cuts would be comingJapan’s Takaichi abandons annual budget target, takes softer fiscal consolidation stanceRBA’s Hauser says getting inflation down will require policy to be restrictiveWeekend – China suspends export ban on gallium, germanium and other critical metals to USJPY and Nikkei traders heads up – BOJ policy board member Nakagawa is speaking soonSome media reports of reopening the US governmentReserve Bank of Australia Deputy Governor Andrew Hauser speaking soon – economic outlookJapan’s Nikkei: “Yen surge scenario fades as banks revise outlook downward”Duffy warns U.S. air travel will worsen before holidays as FAA cuts expand amid shutdownWilliams says December Fed a balancing act: sticky high inflation vs. consumer stressGoldman Sachs sees U.S. investors piling into Japan as Nikkei outshines S&P 500Sunday session for US Senate as lawmakers seek band aid funding for 10% of governmentFamed Short Trader Michael Burry Bets Against Palantir. Is He Profitable?Bessent says shut down impact getting worse for economy, Hasset says recession possibleMonday morning open levels – indicative forex prices – 10 November 2025Newsquawk Week Ahead: China CPI and Activity Data, UK & Aussie Jobs, BoJ SOOChina October inflation data: CPI 0.2% y/y (expected 0%), PPI -2.1% y/y (expected -2.2%)U.S. shutdown end in sight
The U.S. government shutdown looks close to ending after the Senate voted 60–40 to advance a bill — a major breakthrough toward reopening federal operations. Eight Senate Democrats joined the Republican majority in backing the stopgap deal, which would fund the government through January 30 and resume payments to states.
Passage in the House now appears likely, even though key Democratic leaders have voiced opposition and conservative Republicans are pushing for a longer funding extension through September 30. Those objections appear largely theatrical, the economic and political damage seems to have reached a tipping point.
House members have been told to be ready to return to Washington with 36 hours’ notice, down from 48 hours previously, suggesting the reopening is being hurried along. The chamber has not been in session for over 50 days, since its last vote on September 19. Bank of Japan edges closer to rate hike
The BOJ’s October Summary of Opinions showed policymakers edging toward another rate hike if inflation and wage trends hold. Several members said conditions for a move are “almost met,” while others urged patience until wage behaviour and global conditions stabilise.
Some warned against waiting too long, arguing the bank should move toward a neutral rate to avoid sharper action later. The tone reinforces a cautious but steady shift toward policy normalisation.RBA’s Hauser signals limited scope for further rate cuts
RBA Deputy Governor Andrew Hauser said Australia’s economy remains unusually tight, limiting scope for near-term easing. Demand is still above potential output, meaning restrictive settings are needed to bring inflation back to target.
The RBA kept its cash rate at 3.6% last week after three cuts earlier this year. Hauser said inflation is expected to stay above the 2–3% target band until at least mid-2026, adding that stronger productivity and new investment are needed to expand capacity and contain price pressures.China suspends gallium export ban — further signs of easing U.S. tensions
China suspended export restrictions on gallium, germanium, and antimony, effectively ending a year-long ban on shipments to the U.S. The suspension, effective through November 2026, also pauses stricter checks on graphite exports. It follows similar easing of curbs on rare-earth and lithium materials, signalling a thaw in trade tensions and offering relief for semiconductor and defence supply chains.
Additional goodwill steps included Washington’s suspension of its investigation into China’s targeting of maritime, logistics, and shipbuilding sectors, and Beijing’s decision to suspend port fees on U.S.-linked vessels for a year.China inflation and U.S. data
China’s October CPI turned positive while PPI inflation eased slightly — reinforcing signs of mild disinflation without renewed deflationary pressure.
In the U.S., the delinquency rate on commercial mortgage-backed securities (CMBS) tied to office properties surged to 11.8%, an all-time high. Delinquencies are now up 10 percentage points in just three years, highlighting ongoing stress in U.S. commercial real estate.Market moves
FX markets opened with a yen gap weaker, pushing USD/JPY toward 154.00, as traders reacted to Prime Minister Sanae Takaichi’s plan to drop Japan’s annual primary budget balance target in favour of a multi-year framework. The pro-spending stance, coupled with a new stimulus package, added to expectations of looser fiscal policy.
USD/CHF also firmed, though to a lesser extent.
Commodity currencies gained, with the AUD and CAD lifted by improving China-U.S. relations. EUR/USD traded narrowly.
Gold surged above US$4,050, while optimism over the shutdown resolution and China-U.S. thaw boosted broader commodities. Equities rallied, with U.S. index futures extending Friday’s gains, and Bitcoin along with other cryptocurrencies also moving higher.
Asia-Pac
stocks:Japan
(Nikkei 225) +1.15%Hong
Kong (Hang Seng) +0.51%
Shanghai
Composite 0%Australia
(S&P/ASX 200) +0.66%
This article was written by Eamonn Sheridan at investinglive.com.

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