Weidmann Exit, RBA Under Pressure, Fed’s Modest Growth: Eco Day

(Bloomberg) -- Welcome to Thursday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

• Jens Weidmann’s decision to quit as Bundesbank president offers a unique opportunity to reshape the inflation-fighting institution
• Weidmann’s greatest impact at the ECB may be felt at the Governing Council’s meeting in December, says Bloomberg Economics
• Australia’s central bank is facing pressure for the type of review that’s been conducted at institutions from Washington to Wellington
• The U.S. economy grew at a “modest to moderate rate” while some districts noted growth slowed on  supply constraints, the Fed said
• The U.K. sealed a trade deal with New Zealand, its latest post-Brexit accord as it seeks new economic allies after leaving the EU
• Global demand for Taiwanese products defied headwinds and predictions of a slowdown as export orders accelerated
• Inflation concerns rather than exuberance about the first U.S. Bitcoin futures ETF is driving the digital currency to record highs
• Bloomberg Economics examine which emerging markets are most at risk from rising commodity prices and higher rates
• Mexico and the IMF are discussing a plan to reduce the nation’s $63 billion precautionary credit line by 20%
• The next recession could come courtesy of the Fed, Stephanie Flanders says in her weekly Podcast
• The U.S. blasted China’s trade policy, accusing its economic rival of failing to play by the rules of global commerce for two decades

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