Asian Currencies Trade Sideways as Dollar Stabilizes, Yen Weakens Ahead of Japan Election 
Asian Currencies Strengthen as Indian Rupee and Australian Dollar Rally 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
New York Fed President John Williams Signals Rate Hold as Economy Seen Strong in 2026 
South Korea Inflation Hits Five-Month Low as CPI Reaches Central Bank Target 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
Bank of Japan Signals Cautious Path Toward Further Rate Hikes Amid Yen Weakness 
Oil Prices Steady as Markets Weigh U.S.-Iran Talks, Dollar Strength Caps Gains 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Lots of economic dockets and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Japan: Labor cash earnings rose by 0.1 percent y/y in October.
- United Kingdom: BRC retail sales figure for October rose by 0.6 percent y/y.
- Australia: Third quarter current account deficit came at 11.4 billion. RBA kept interest rate steady at 1.5 percent.
Upcoming:
- Germany: Factory orders for October will be published at 7:00 GMT.
- Switzerland: Consumer price inflation report will be published at 8:15 GMT.
- Eurozone: Third quarter GDP number will be published at 10:00 GMT.
- United States: October trade balance will be published at 13:30 GMT, along with unit labor cost for third quarter and non-farm productivity, followed by factory orders report at 15:00 GMT. TIPP economic optimism report will be published at 15:00 GMT.
- Canada: October trade balance report will be published at 13:30 GMT, followed by IVEY PMI at 15:00 GMT.
- New Zealand: manufacturing sales report for third quarter will be published at 21:45 GMT. Global dairy auction is scheduled today. RBNZ governor Wheeler is scheduled to speak at 22:00 GMT.
- Australia: AiG performance of construction index will be published at 22:30 GMT.
