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

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

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

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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The Antipodeans have been the big movers in...>

FOREX
FOREX: The Antipodeans have been the big movers in G10 FX space so far. The kiwi
outperforms its peers from the basket after receiving a double boost. It
initially turned bid after the RBNZ announced its decision re: bank capital
requirements, raising the buffers as expected but extending the transition
period to seven years from five. Further support has come from ANZ's decision to
backpedal on their earlier RBNZ easing call. They now forecast just one more
25bp reduction to the OCR in May next year.
- The release of softer than expected Australian retail sales and trade balance
has taken its toll on the Aussie, rendering it the worst G10 performer.
- JPY briefly softened a touch as BBG ran headlines outlining spending figures
from a draft of Japanese fiscal stimulus package. BoJ's Harada speaks at typing.
- Y'day's turn in sentiment re: U.S.-China trade talks has bolstered KRW, which
is easily the best performer in Asia. USD/KRW is yet to fill the gap from y'day.
- The EZ will report retail sales as well as final GDP and employment today.
German & U.S. factory orders also due, as are U.S. & Canadian trade figures.
Fed's Quarles, ECB's Makhlouf, BoC's Lane and Riksbank's Floden will speak.
Energy BulletsCommodities
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