Cleveland Fed July median CPI +0.5% m/m vs +0.7% prior

China plans to issue ultra-long-term special government bonds next year to fund national strategy and security priorities, alongside equipment upgrades and trade-in programs, while pledging tighter control of local government debt.

Hassett says Trump would have “no weight” on Federal Open Market Committee (FOMC) interest-rate decisions. Comments are aimed at easing market concerns over potential politicisation of the Fed, a key risk factor for USD credibility and rates pricing.

Kuwait’s Oil Minister Tareq Al-Roumi said the recent fall in crude prices was a “sudden drop,” adding Kuwait sees a fair oil price at $60–$68 a barrel under current conditions.

Oregon factory jobs hit 12-yr low, unemployment climbs. Manufacturing weakness bites, impacting regional growth.

RBNZ files civil proceedings against ASB over Anti-Money Laundering breaches. News like this can see the bids drop out of a currency (in this case the kiwi $) while the dust settles. Its unlikely to have an impact beyond the fleeting though.

Ukraine has offered to drop its NATO membership goal in exchange for Western security guarantees as U.S.-led peace talks in Berlin made progress. Trump envoy Steve Witkoff said negotiations would continue on Monday.

New Zealand’s services sector fell deeper into contraction in November, with the BNZ–BusinessNZ PSI dropping to 46.9, its weakest since May. All sub-indices remained negative, reinforcing downside risks to early-2026 growth.