CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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Steady As Election Campaign Begins

AUD

AUD/USD wobbles around unchanged levels, holding the prior trading day's range, as official campaigning ahead of Australia's May 21 federal election gets underway. The rate last sits at $0.7457, barely changed on the day.

  • Bears see Mar 22 low of $0.7376 as their initial target and a break here would expose $0.7283, the low print of Mar 17. The bullish case is supported by the recent formation of a "golden cross," with topside focus falling on Apr 5 high of $0.7661.
  • China's inflation data provides the only real point of note in the Asia-Pacific today.
  • The local data docket is headlined by CBA household spending & NAB Business Confidence (Tuesday), Westpac Consumer Confidence (Wednesday) as well as consumer inflation expectations & jobs market data (Thursday).
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