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U.K.’s flash PMI indices indicate decline in business activity in November, composite index falls to 47.4

Reserve Bank of India likely to stand pat in December

German Ifo business climate index falls sharply in November, economic growth likely to shrink in Q3

Philippine central bank keeps interest rate unchanged at 2 pct

Swedish economic sentiment indicator rises in November

Bank Indonesia lowers interest rate by 25 bps to 3.75 pct, unlikely to cut further

Australian economic growth recovers strongly in Q3 2020

U.S. vehicle sales fall again in November

Swiss franc likely to gradually depreciate against euro in coming months

Philippine central bank cuts key policy rate by 25 bps, likely to further cut rates in 2021

Bank of Thailand keeps key policy rate on hold at 0.50 pct

Danish headline inflation eases in October, likely to reach 0.8 pct in 2021

Gold recovers from previous day slide on stimulus hopes

FxWirePro: Daily Commodity Tracker - 21st March, 2022

U.K.’s headline inflation accelerates in October, likely to remain below 1 pct until Q1 2021

U.S. Q3 economic growth unrevised in second estimate

Gold prices ease as vaccine hopes offset worries about second coronavirus wave

Chart of the Day Series

©Econometrics LLC . All Rights Reserved.

Chart of the Day: Weakness ahead

Chart courtesy - Soberlook.com

Monday, December 12, 2016 7:16 PM UTC

This chart from Soberlook.com, shows the weakness in the yuan going forward.USD/CNY 12-month forward has declined to 7.17 percent, while the spot rate is trying to break above 7 per dollar. It is currently trading at 6.92 per dollar.

The yuan is on its way to the closing of the worst year since the exchange rate was liberated from the peg back in 2005.

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Chart of the Day Series

Chart of the Day: Weakness ahead

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