Forex

Zhu will take over the forex regulatory head role from Pan Gongsheng, who has held the post since 2016 and who was named the central bank governor in July.

Bruno Gennari, Argentina expert at KNG Securities, said the precarious international reserves would likely force a quick devaluation; Morgan Stanley said it expected at least an 80% adjustment of Argentina's official forex in December.

Treasury yields fell, with 2-year note last at 4.872%, and the 10-year note at 4.488%FOREX: The dollar index extended a loss and was off 0.748%

Many in the market are focusing on interest rate differentials, with the prolonged monetary tightening in the U.S. a factor in the recent forex moves, Bank of Japan's deputy governor Shinichi Uchida told lawmakers at the parliament.

The yen's sharp rebound against the dollar was not due to Bank of Japan intervention, said Marc Chandler, chief market strategist at Bannockburn Global Forex in New York.