•
New Zealand shifts to tightening bias from
neutral
– “Some
further increase in the OCR is expected to be required,” it says – previously
it had indicated the next move could be either up or down
– NZD soars
– likely to be the strongest of the commodity currencies, in my view
•
Australia employment beats expectations, but
AUD gains only a bit
– Shows
that AUD is moving according to global risk appetite and stock markets
•
Oil falls further as Saudi oil minister
rejects cutbacks
– Look for
a move below $60/bbl on WTI soon
•
Today:
– Eurozone: CPI day
– German & French final CPIs for Nov. Second TLTRO to be held, result
won’t be known until next Wednesday
– Sweden:
CPI expected to fall further into deflation, SEK-negative ahead of
next week’s Riksbank meeting
– Norway:
Norges Bank likely to keep rates steady, but may hint at further easing after
yesterday’s slowing inflation. NOK-negative
– Switzerland:
SNB likely to keep policy unchanged, reaffirm EUR/CHF floor
– US: Retail
sales ex autos & gasoline expected to slow, which could hurt USD. Weekly
jobless claims forecast to be steady
No comments:
Post a Comment