Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
Russia Stocks End Flat as Energy Shares Support MOEX Index 
Canada Signals Delay in US Tariff Deal as Talks Shift to USMCA Review 
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
The German bunds eased gains Monday after the eurozone’s retail sales for the month of November beat market expectations, also reversing losses incurred during the month of October. Also, investors are awaiting the country’s industrial production, trade balance and unemployment rate data for November, due to be released on January 9 by 07:00GMT and 10:00GMT respectively.
The German 10-year bond yields, which move inversely to its price, fell nearly 1-1/2 basis points to 0.42 percent, the yield on 30-year note slid nearly 1 basis point to 1.26 percent and the yield on short-term 2-year traded nearly flat at -0.62 percent by 10:10GMT.
In November 2017 compared with October 2017, the seasonally adjusted volume of retail trade increased by 1.5 percent in both the euro area (EA19) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In October, the retail trade volume fell by 1.1 percent in the euro area and by 0.6 percent in the EU28. In November 2017 compared with November 2016, the calendar adjusted retail sales index increased by 2.8 percent in the euro area and by 2.7 percent in the EU28.
The 1.5 percent m/m increase in the volume of retail trade in the euro area in November 2017, compared with October 2017, is due to rises of 2.3 percent for non-food products, of 1.2 percent for “Food, drinks and tobacco” and of 0.3 percent for automotive fuel. In the EU28, the 1.5 percent increase in the volume of retail trade is due to rises of 2.1 percent for non-food products, of 1.2 percent for “Food, drinks and tobacco” and of 0.3 percent for automotive fuel.
Meanwhile, the German DAX rose 0.36 percent to 13,369.50 by 10:15 GMT, while at 10:00GMT, the FxWirePro's Hourly Euro Strength Index remained slightly bearish at -97.43 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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