Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
BOJ Holds Interest Rates Steady, Upgrades Growth and Inflation Outlook for Japan 
RBA Deputy Governor Says November Inflation Slowdown Helpful but Still Above Target 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Urban studies: Doing research when every city is different 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
U.S. Urges Japan on Monetary Policy as Yen Volatility Raises Market Concerns 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
USDKRW: BoK (bank of Korea) has hiked 25bps in its interest rate as anticipated in November with the hike characterized as a one-off dovish hike by markets. 3Q GDP and Sep industrial production readings came in lower than expected. Nov CPI prints also in-line to softer. KTB and NDIRS yields continue deflating.
USDSGD: MAS steepens the NEER’s slope again in October. With the NEER remains near its upper boundary, expect declines in the pair to track downside in the broad USD, and not as a result of explicit SGD strength. 3Q GDP numbers disappoint.
USDINR: The Reserve Bank of India (RBI) held benchmark interest rate unchanged at 6.50% and maintained its “calibrated tightening” stance as expected. All six members voted for a rate pause. Further, RBI revised down the inflation forecast for fiscal year (FY) H2 2019 to 2.7-3.2% from 3.9 -4.5%. Looking ahead, we expect RBI to maintain its policy stance and keep policy rate on hold into H1 2019. Given the upcoming federal election in April-May 2019, it is difficult to see RBI raising rates. Further, the central bank will continue to be data-dependent and monitor inflation closely. On FX, INR held up well against a stronger USD yesterday. The near-term focus for USDINR continues to be on the price of oil.
Currency Strength Index: FxWirePro's hourly USD spot index is inching towards -46 levels (which is bearish), while articulating (at 14:09 GMT).
For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex
