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MNI: PBOC Drains Net CNY205 Bln Tues; Rates Unchanged

CHINA PBOC INJECTS CNY210 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1127 TUES VS 7.1011

Japan Tokyo Nov Inflation +2.3% Y/Y

MNI: UK BRC NOV BY VALUE SHOP SALES LFL +2.6% YY, TOTAL +2.7% YY

BRC-KPMG Retail Sales Remain Stable

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

The Kiwi leads in early trade

USD
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  • The Dollar was again mixed overnight pre EU Govie open, NZD was leading up 0.33% with the NOK 0.18%, while JPY was the early small loser, down 0.17%.
  • Post Cash open, the Yen is still the early loser, now down 0.23%, closely followed by the Pound, just down 0.21% following the UK inflation coming below consensus.
  • Despite the CPI data for the UK, Cable still only trades in a tight 33 pips range, and small support moves up to 1.2428 initially.
  • The Kiwi still leads, now 0.28% up and through the November high.
  • Most market participants will now look at 0.6056, the October high in NZDUSD, which is also the highest print since the 10th August.
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  • The Dollar was again mixed overnight pre EU Govie open, NZD was leading up 0.33% with the NOK 0.18%, while JPY was the early small loser, down 0.17%.
  • Post Cash open, the Yen is still the early loser, now down 0.23%, closely followed by the Pound, just down 0.21% following the UK inflation coming below consensus.
  • Despite the CPI data for the UK, Cable still only trades in a tight 33 pips range, and small support moves up to 1.2428 initially.
  • The Kiwi still leads, now 0.28% up and through the November high.
  • Most market participants will now look at 0.6056, the October high in NZDUSD, which is also the highest print since the 10th August.