Mexico 1st half-month Inflation: 0.47% (November) vs 0.28%

Mexico 1st half-month Core Inflation fell from previous 0.18% to 0.04% in November

CEE currencies gain and EUR/CHF rises above 0.93 as easing energy prices and optimism over US-Russia peace talks boost global growth prospects, weighing mildly on the US Dollar (USD), ING's FX analyst Chris Turner notes, ING's FX analyst Chris Turner notes.

Fed Chair Jay Powell had already indicated in the last meeting: The Federal Open Market Committee (FOMC) is currently deeply divided in terms of the timing of further rate cuts. This has become more than clear through the recent statements of various members.

EUR/GBP is holding support near 0.8760–0.8770 ahead of the UK budget, with sterling’s upside constrained and some downside risk if the 2026 BoE easing cycle is under-priced, ING's FX analyst Chris Turner notes.

EUR/CHF is rebounding strongly after testing key support, with the pair now challenging a major trend line that could unlock further upside, Société Générale's FX analysts note.

Brent crude is stabilizing after last month’s trough near $60, but a break above key resistance is needed to confirm a sustained rebound, Société Générale's FX analysts note.

Switzerland Employment Level (QoQ) unchanged at 5.532M in 3Q

Germany’s IFO institute will publish its business survey for November on Monday at 09:00 GMT.

The EUR/GBP cross trades with mild gains near 0.8790 during the early European trading hours on Monday. A softer-than-expected UK Retail Sales report for October weighs on the Pound Sterling (GBP) against the Euro (EUR). Germany’s November IFO Business Survey data will be published later on Monday. 

EUR/CAD gains ground after registering losses in the previous session, trading around 1.6240 during the Asian hours on Monday. The pair appreciates as the Euro (EUR) receives support from the cautious sentiment surrounding the European Central Bank’s (ECB) monetary policy outlook.

Singapore Consumer Price Index (YoY) rose from previous 0.7 to 1.2 in October

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is halting its five-day winning streak and trading around 100.20 during the Asian hours on Monday. Traders will likely observe the US September Producer Price Index (PPI) report due on Tuesday.

Swiss National Bank (SNB) President Martin Schlegel said that consumer-price growth in Switzerland is expected to accelerate a bit, Bloomberg reported on Saturday.

United States Michigan Consumer Expectations Index above forecasts (49) in November: Actual (51)

United States UoM 1-year Consumer Inflation Expectations came in at 4.5% below forecasts (4.7%) in November

United States Wholesale Inventories came in at 0%, above forecasts (-0.2%) in August

United States Michigan Consumer Sentiment Index came in at 51, above expectations (50.5) in November

United States UoM 5-year Consumer Inflation Expectation came in at 3.4%, below expectations (3.6%) in November

United States S&P Global Manufacturing PMI below forecasts (52) in November: Actual (51.9)

United States S&P Global Services PMI above expectations (54.8) in November: Actual (55)

United States S&P Global Composite PMI climbed from previous 54.6 to 54.8 in November

Dallas Bank Federal Reserve (Fed) President Lorie Logan delivered these remarks at “The SNB and its Watchers 2025” Conference at the Karl Brunner Institute on Friday.

Canada New Housing Price Index (YoY) unchanged at -1.8% in October

Federal Reserve Bank of Boston President Susan Collins spoke in an interview with CNBC on Friday. She claimed that the September jobs data was mixed and that, with limited data, economic activity remains resilient.

Federal Reserve (Fed) governor Stephen Miran spoke in an interview for Bloomberg TV on Friday. He said that the Fed should be forecast-dependent, not data-dependent.

The Japanese Yen (JPY) is up an impressive 0.4% against the US Dollar (USD) and outperforming all of the G10 currencies as we head into the end of the week, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Canada New Housing Price Index (MoM) below expectations (0%) in October: Actual (-0.4%)

Canada Retail Sales (MoM) meets forecasts (-0.7%) in September

Canada Retail Sales ex Autos (MoM) above expectations (-0.5%) in September: Actual (0.2%)