•
SEK recovers slightly after government
cancels March election
– Ruling
party reaches agreement with opposition that will last for seven years
– Nonetheless,
SEK fails to recover all the ground it lost on Friday – not a good sign!
•
NZD, AUD gain after China allows banks to
lend more
– PBOC
changes the definition of deposits for the purpose of calculating
deposit-to-loan ratio – will allow banks to lend more
– NZD, AUD
gain, but I’m still negative. Move will cushion China’s slowdown, not stop it
•
RUB weakens sharply as oil prices fall
further
•
Today:
– Eurozone: Final
round of Greek presidential elections. Candidate not expected to win. If he
loses, a general election must be held in about a month. Risk event for EUR.
– US: Dallas
Fed manufacturing index for December
•
This week:
– Tuesday: Eurozone
money supply, S&P/Case Shiller home prices, US leading index
– Wednesday: Initial
jobless claims, Chicago PMI, pending home sales; Japan holiday
– Thursday: Happy
New Year! And China manufacturing PMI
– Friday:
Global PMI day
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