Official manufacturing PMI returned to expansionary territory in December as new orders recovered m/m. The 2Y CAGR for real activity and trade likely picked up thanks to improved demand.
EUR/CAD remains in the negative territory after paring daily losses, trading around 1.6100 during the European hours on Monday. The currency cross pares recent losses as the commodity-linked Canadian Dollar (CAD) struggles amid weaker Oil prices.
USD/CHF remains firm following the weaker-than-expected Swiss Real Retail Sales, which rose 2.3% year-over-year in November, falling short of the expected 2.9% but coming above the prior 2.2% increase (revised from 2.7% increase).
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the second successive session and trading around 98.60 during the Asian hours on Monday. Traders will likely watch ISM Manufacturing PMI data due later in the day.
The Australian Dollar (AUD) holds losses against the US Dollar (USD) following the release of China’s RatingDog Services Purchasing Managers’ Index (PMI) on Monday, which declined to 52.0 in December from 52.1 in November.
Bank of Japan (BoJ) Governor Kazuo Ueda said on Monday that the Japanese central bank expected to continue raising interest rates if the economy and prices move in line with our forecast.
China's Services Purchasing Managers' Index (PMI) declines to 52.0 in December from 52.1 in November, the latest data published by RatingDog showed on Monday.
US President Donald Trump said that Washington might make a fresh military intervention if Venezuela’s interim president, Delcy Rodríguez, did not accommodate their demands, the Guardian reported on Monday.
Speaking ahead of the 2026 Allied Social Science Associations Annual Meeting on Saturday, Philadelphia Federal Reserve (Fed) President Anna Paulson noted that “job market has been bending not breaking.”