Forexlive Americas FX news wrap: OPEC cut fails to impress the oil market ...Middle East

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Forexlive Americas FX news wrap: OPEC cut fails to impress the oil market
Major oil-producing countries announce voluntary 2.1M BPD(ish) reductionsThe tally on the new OPEC+ cut is 684,000 barrels per dayOPEC+ statement says the next meeting will be in June but offers little elseUS September PCE core +3.5% vs +3.5% expectedUS Initial jobless claims 218K vs 220K estimate. Continuing claims highest since Nov. 2021Canada Q3 GDP -0.3% q/q vs +0.2% expectedFed's Daly: It's still too early to know if Fed is done hiking ratesFed's Williams: Says he's not losing sleep over market views of Fed funds pathWilliams: If inflation pressures persist, we could hike againBOE's Greene: Policy may have to be restrictive for an extended period of timeUS pending home sales for Octobe

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