Shanghai Securities News says possibility of a RRR cut in December

PBOC sets USD/ CNY reference rate today at 7.1910 (vs. estimate at 7.2357): 26 November

• PBOC CNY reference rate setting for the trading session ahead.

Bank of Korea Expected to Hold Base Rate; USD Strength Cited as a Reason

• 34 of 38 economists predict Bank of Korea to keep base rate steady at 3.25% in November

PBOC is expected to set the USD/CNY reference rate at 7.2357 – Reuters estimate

• PBOC CNY reference rate setting for the trading session ahead.

Fed's Kashkari hasn't given up hope on a December FOMC interest rate cut

• Reasonable to consider a cut

DXY main driver for the GBPUSD today

Goldman Sachs says Trump tariff escalation will delay inflation falling to target

• Sticks a question mark over further Federal Reserve rate cuts I guess

Fed's Goolsbee: Interest rates will be lower by the end of 2025

• Goolsbee on Fox Business

ECB's Nagel: increasingly confident over disinflation

• ECBs Nagel is speaking

What to know before starting the trading day

ECB's Lane: Gradualism is not a universal principle, some times require stronger response

• Comments from the ECB chief economist

BOE's Dhingra: UK no longer looks like an outlier for inflation among advanced economies

• Remarks by BOE policymaker, Swati Dhingra

BOE's Lombardelli: We remain focused more on services prices and wages

• Further remarks by BOE deputy governor for monetary policy, Clare Lombardelli

When to hold trades over the weekend?

BOE's Lombardelli: I support a gradual removal of monetary policy restriction

• Remarks by BOE deputy governor for monetary policy, Clare Lombardelli

ECB's Lane: Monetary policy should not remain restrictive for too long

• Remarks by ECB chief economist, Philip Lane, to Les Echos

Bank of England Dhingra and Lombardelli speaking on Monday

• Dhingra tends dovish

Will Covid-19 cause the global decline of the US dollar?

People's Bank of China shift to the MLF as the main policy tool - drain today facilitates

• Recapping the Medium-term Lending Facility (MLF) injection/drain from the PBoC

European Central Bank speakers Monday include Lane, Makhlouf

• Villeroy spoke over the weekend

PBOC net drain 550bn via MLF. Rate unchanged at 2%

• 900bn yuan 1 year MLF, @ 2% vs. 1450bn yuan mature.

EURUSD upside bias in place, but key resistance ahead

Still waiting on any People's Bank of China Medium-term Lending Facility (MLF) announcemnt

• Nothing yet

PBoC may cut RRR, buy government bonds in December.

• To smooth liquidity fluctuations.

PBOC sets USD/ CNY reference rate today at 7.1918 (vs. estimate at 7.2257): 25 November

• PBOC CNY reference rate setting for the trading session ahead.