Australia Building Permits (YoY) dipped from previous 15.3% to -1.8% in October

Australia Current Account Balance came in at -16.6B below forecasts (-13.3B) in 3Q

Australia Building Permits (MoM) came in at -6.4% below forecasts (-4.5%) in October

United Kingdom BRC Shop Price Index (YoY) declined to 0.6% in November from previous 1%

Japan Monetary Base (YoY) fell from previous -7.8% to -8.5% in November

The Reserve Bank of New Zealand (RBNZ) Governor Anna Breman said late Monday that the key focus of the central bank is to stay laser-focused on our core mandate.

South Korea Consumer Price Index Growth (YoY): 2.4% (November)

South Korea Consumer Price Index Growth (MoM) came in at -0.2%, above forecasts (-0.3%) in November

New Zealand Terms of Trade Index below forecasts (0.3%) in 3Q: Actual (-2.1%)

The US Dollar (USD) remained under heavy pressure, slipping back to the area of multi-week lows, always amid steady bets for another interest rate cut by the Federal Reserve as soon as next week.

Canada’s November Labour Force Survey will be pivotal for judging whether recent job gains reflect genuine labour-market improvement or mere statistical noise.

United States ISM Manufacturing PMI below forecasts (48.6) in November: Actual (48.2)

United States ISM Manufacturing Prices Paid below expectations (59.5) in November: Actual (58.5)

United States ISM Manufacturing Employment Index declined to 44 in November from previous 46

United States ISM Manufacturing New Orders Index dipped from previous 49.4 to 47.4 in November

United States S&P Global Manufacturing PMI above forecasts (51.9) in November: Actual (52.2)

Canada S&P Global Manufacturing PMI dipped from previous 49.6 to 48.4 in November

Brazil S&P Global Manufacturing PMI climbed from previous 48.2 to 48.8 in November

The Chinese Yuan (CNY) appreciated to 7.0742 per US Dollar (USD) in November, its strongest level since October 2024, after the White House extended the suspension of reciprocal tariffs on Chinese imports until November 2026.

The Japanese Yen remains under pressure as markets test the BoJ’s tolerance amid lingering Japan-China tensions over Taiwan.

Japanese Yen (JPY) and South-Korean Won (KRW) have fallen sharply against the US Dollar (USD) over the past three months, prompting warnings from Tokyo and Seoul.

Geopolitical news should remain central today. The US has softened its stance on Thursday’s deadline for Ukraine to accept the peace deal with Russia, and a new 19-point deal is set to be discussed in the coming days.

India Infrastructure Output (YoY) registered at 0.4%, below expectations (3.6%) in October

India Cumulative Industrial Output declined to 2.7% in September from previous 3%

USD/CNH dips to levels not seen since October 2024 as China’s private-sector manufacturing contracts, though the Chinese Yuan’s (CNH) undervaluation limits economic strain, BBH FX analysts report.

The Euro (EUR) remains undervalued versus the US Dollar (USD) despite Ukraine peace developments, while weak German business sentiment points to limited near-term upside, though EUR/USD could climb above 1.160 in the coming weeks, ING's FX analyst Francesco Pesole notes.

The final Swiss growth figures for the third quarter, published on Friday, were ultimately as poor as the initial estimate of growth adjusted for sport events, standing at -0.5% quarter-on-quarter. This was slightly below expectations, with the Bloomberg consensus predicting a contraction of 0.4%.

SB Seker is head of Asia Pacific at Binance, one of the largest centralized cryptocurrency exchanges. Seker steers regional strategy, operations, and regulatory engagement across Asia-Pacific markets.

With tariff tensions stabilising, policy makers’ focus has returned to domestic demand and innovation. GDP growth target likely to be set at 4.5-5.0% for 2026, with supportive macro policies.

United Kingdom Net Lending to Individuals (MoM) below expectations (£6.4B) in October: Actual (£5.4B)