Mexico Private Spending (YoY) remains unchanged at 4.3% in 3Q
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Mexico Private Spending (QoQ) rose from previous 1% to 1.2% in 3Q
Mexico Private Spending (QoQ) rose from previous 1% to 1.2% in 3Q
EUR/GBP: Last week’s 0.8550 lows may well be retested by the end of December – ING
EUR/GBP trades above the 0.86 mark. Economists at ING analyze the pair’s outlook.
BoJ Preview: Right now, is about the stupidest time to normalize – Commerzbank
The Bank of Japan (BoJ) will announce its last monetary policy decision of the year on Tuesday.
Fed's Mester: Markets are a bit ahead of Fed on rate cuts
Federal Reserve (Fed) Bank of Cleveland President Loretta Mester told the Financial Times on Monday that markets are a 'bit ahead' of the Fed on rate cuts, per Reuters.
BoE's Broadbent: It takes time to understand the forces driving the economy
In a speech given at the London Business School on Monday, Bank of England (BoE) Deputy Governor Ben Broadbent explained that policymakers will have to be patient to see a steady decline in wage inflation.
EUR/USD stands a chance to end the year above 1.10 – ING
EUR/USD remains above the 1.09 level. Economists at ING analyze the pair’s outlook.
USD/JPY: Next potential supports located at 139.60 and 137.25/136.65 – SocGen
USD/JPY has staged a modest recovery from the low at 140.97.
GBP outperformance on yield given the slower timing of rate cuts in the UK unlikely to last – MUFG
GBP outperformed in 2023 as rebounded from weak levels. Economists at MUFG Bank analyze Sterling’s outlook.
EUR/USD remains steady above 1.0900 despite weak German IFO data
The Euro maintains a moderate bid tone on Monday. The German IFO Business Climate backs the view of a softening Eurozone economy.