MNI: UK NOVEMBER CONSTRUCTION PMI 55.2 (FCST: 53.5); OCT 54.3

MNI: EUROZONE NOVEMBER CONSTRUCTION PMI 42.7 OCT 43.0

MNI BRIEF: BOJ To Adjust Easy Policy Cautiously - Nakamura

MNI: PBOC Net Drains CNY153 Bln via OMO Thursday

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MNI BRIEF: Fed's Daly Says No 'Urgency' To Lower Rates

MNI: FRANCE OCT INDUSTRIAL PRODUCTION -0.1% M/M, -0.6% Y/Y

MNI: GERMANY OCT FACTORY ORDERS -1.5% M/M

MNI: SWEDEN FLASH NOV CPIF +1.9% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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Plenty to look at in FX

FOREX
  • Although the USD has turned more mixed in G10 during the morning European session, there's a few cross/pairs to look at.
  • USDJPY continues to trade at levels, the BoJ last intervened.
  • USDCHF continues to test the 1.0000 handle, still short of the May/June 1.0065 double top and highest print since May 2019.
  • The latter is still the initial area to watch.
  • AUD is still the worst performer against the Greenback but off the session low at the time of typing.
  • Still, overall, the AUDUSD printed its lowest level since 09/04/20 overnight, on the divergence between the RBA and the Fed, Risk off and Commodity prices.
  • Support in AUDUSD is seen further out towards 0.6200.
  • Cable rejected the 1.1000 figure, did print a 1.0998 low, despite the better employment data on the cash Govies open.
  • Cable has recovered and trades circa flat for the session at the time of typing.
  • Looking ahead, there's no data of note, today's speakers, include ECB Lane Villeroy, BoE Bailey, Cunliffe, SNB Jordan, and Fed Mester.
Energy BulletsCommodities
Energy BulletsCommodities

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