PBOC sets USD/ CNY mid-point today at 7.0779 (vs. estimate at 7.0733)

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

Bank of Korea leaves its base rate on hold at 2.5% as widely expected

• Bank of Korea is the central bank of South Korea

PBOC is expected to set the USD/CNY reference rate at 7.0733 – Reuters estimate

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

RBNZ’s Hawkesby says policy now stimulatory but warns on global independence risks

• Hawkesby with more, says RBNZ policy is now clearly stimulatory and could fuel a stronger-than-expected recovery, but warns excessive caution among firms and consumers remains a risk. He also highlights global threats to central-bank independence and says the NZD is buffering the economy.

JPMorgan now expects Fed rate cut in December after dovish Fedspeak shift

• The Fedspeak shift has very firmly reinforced market conviction in a December cut, supporting front-end duration and keeping downward pressure on the USD, especially against higher-yielders.

SignalRank Announces v4 of Investment Selection Model

• SignalRank Marks Two-Year Milestone with Strong Performance.

RBNZ Hawkesby: We are in a position where we can sort of watch and see how things progress

• The RBNZ cut rates by 25 basis points at the meeting yesterday

NZ Finance minister names Rodger Finlay chair of the RBNZ

• Finlay has been the deputy chair since February 2023.

Federal Reserve minutes from the November meeting:Little changed since the previous report

• Most Fed districts report little change in economic activity, with some noting risk of slower growth. Manufacturers optimistic, wages growing at moderate pace. Prices rise moderately.

Trading Amid Turbulence: Octa Broker Explores How to Trade During News-Driven Volatility

• The line between economic and political news continues to blur.

Atlanta Fed GDPNow falls to 3.9% from 4.0%

ECB's Lane: For sustainability of inflation at 2%, needs to see deceleration of energy px

ECBs Vujcic: It has become more difficult to forecast food inflation due to climate change

Harmful advice for traders: Octa broker's warnings

• Following the fundamental rules from step one is essential for long-term success.

ECB's de Guindos: The present interest rates level is the correct one

• Comments from the ECB Vice President, Luis de Guindos

Australia inflation jumps again, wiping out rate-cut hopes and lifting AUD, yields - recap

• The stronger-than-expected CPI pushed yields sharply higher and lifted the AUD as investors abandoned expectations of near-term easing. Markets now see a meaningful risk the RBA may need to tighten in 2026 if services and housing inflation fail to ease.

NZD higher - recapping RBNZ cuts to 2.25% but signals end to easing as NZ economy steadies

• The RBNZ’s shift toward a more hawkish stance lifted the NZD and pushed short-end rates higher, as markets recalibrated expectations for further easing. The message aligns with a cautious RBA now also, reducing the near-term downside for antipodean yields.

Q&A: EBC and International University of Ulaanbaatar’s Vision for Mongolia’s Youth

• EBC has partnered with the International University of Ulaanbaatar (IUU), helping young finance professionals.

Fed politicization, “Hassett effect” a potential shadow on the USD

• Dollar slips as “Hassett effect” fuels market worries over Fed politicization

RBNZ Gov Hawkseby: Central projection is based on cash rate on hold through 2026

• Reserve Bank of New Zealand press conference following the 25bp rate cut

Yen finds bids after news piece says BOJ ramping up rate hike messaging

• USD/JPY and yen crosses dip

The Future of NFTs: Beyond Digital Art

• NFTs — those much-maligned and much-misunderstood tokens — are edging toward a broader cultural role.

BOJ ramps up signals for near-term rate hike as yen weakness and politics shift

• The BOJ’s sharper hawkish tone increases the risk of a December move, putting yen volatility back into play ahead of the Fed. Rising board support and waning political resistance make near-term normalisation more plausible than markets had priced.

The People's Bank of China has set the onshore yuan at its strongest since 14 October 2024

• PBOC sets USD/ CNY reference rate for today at 7.0796 (vs. estimate at 7.0825)

NZD jumped after the RBNZ interest rate reduction decision

• Expectations have firmed that this will be the final rate cut from the Reserve Bank of New Zealand.