- China Communist Party discipline inspectors have visited PBOC headquarters
- Reserve Bank of New Zealand advise on its new NZD TWI
- Southern Japan earthquake - no tsunami alert issued
- China November CPI 2.3% y/y (expected 2.5%) and PPI 12.9% y/y expected 12.4%)
- Morgan Stanley forecast 5 Federal Reserve rate hikes ahead
- PBOC sets USD/ CNY reference rate for today at 6.3498 (vs. estimate at 6.3452)
- US official says discussions are likely on destroying Iranian nuclear facilities
- Survey shows analysts are moving Fed rate hike expectations even earlier
- UK data - RICS monthly house price balance for November 71 (vs.October's 71)
- US House passes bill to restrict imports from China on concerns over forced labour
- Westpac outlook for the USD, euro, GBP into 2022 and 2023
- Goldman Sachs says the Omicron variant will delay a Bank of England rate hike to Feb 2022
- China financial media says analysts expect yuan to rise further
- RBA Governor Lowe comments on crypto in his 'Payments' speech
- Brazil's central bank has raised its benchmark rate by 1.5% to 9.25%, as expected
- Australia's Deputy Prime Minister has tested positive to COVID-19
- Trade ideas thread - Thursday 9 December 2021
- US Pentagon official says China's coercive military moves around Taiwan increase risks
While major FX rates stayed in relatively tight ranges with, on balance, some retracement for currencies against the USD there were a few bits and pieces of news that were of significance.
Reuters carried a report citing a US official as saying US / Israel discussions beginning Thursday would include considering destruction of Iranian nuclear facilities (see bullets above for under what circumstances etc. ). This underpinned oil on the session, WTI rose just shy of a dollar.
Chinese stocks were supported, with news published in the Wall Street Journal on Wednesday that President Xi had, in effect, ordered the People's Bank of China to ease (the Monday RRR cut).While on China, inflation data for November came in very strong again for the PPI and even the CPI jumped to its fastest since August of last year.
