Chinese banks have reportedly sharply increased USD deposit rates in recent weeks, with some rates exceeding 4%, while exporters are hoarding dollar cash, according to sources

Newsquawk Staff · 9 Nov 2026, 05:52 UTC

Chinese banks have reportedly sharply increased USD deposit rates in recent weeks, with some rates exceeding 4%, while exporters are hoarding dollar cash, according to sources.

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US Market Open, 6 Nov, 10:48 UTC · what it led with

APAC stocks were pressured; KOSPI slumped 6% following hefty losses in Samsung and SK Hynix.
USD is firmer against all G10 peers awaiting the US NFP report.

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FX headlines from our feed, and what the market did next.

Iranian President Pezeshkian says the Supreme Leader has granted the government some authority on dialogue, ISNA reports.
EUR/USD+0.1%
ECB policymakers see a December rate hike followed by a pause; New ECB staff estimates show the rise in bond yields cutting growth by a cumulative 100bps and inflation by 90bps in 2027-28 vs the September baseline, according to reports, citing sources.
EUR/USD−0.1%
ECB President Lagarde (Q&A) says policymakers believe they are in a good position to wait for incoming information. The situation they are in could have warranted a hike.
EUR/USD+0.1%

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