US President Donald Trump confirmed that he recently spoke by telephone with Venezuelan President Nicolas Maduro, but declined to reveal details, Reuters reported on Sunday.
US Secretary of State Marco Rubio said on Sunday that a meeting between the US and Ukrainian officials was "very productive", but more work remains to be done towards ending Russia's war in Ukraine, the Guardian reported.
China’s official Manufacturing Purchasing Managers' Index (PMI) rose to 49.2 in November, compared to 49.0 in the previous reading. The reading came in line with the the market consensus in the reported month.
After a quarter severely impacted by trade tensions, the Canadian economy returned to growth in Q3 with an annualized increase of 2.6%, surprising economists by a wide margin.
Canada’s Q3 GDP delivered a major upside surprise, lifting CAD and raising the bar for BoC easing. Markets now see USD/CAD capped near 1.41 with potential toward 1.38 by year-end, TDS' analysts note.
Platinum climbed to $1,650 this week as China launched physically settled futures and options, increasing transparency and attracting industrial, jewelry, and investor participation, Commerzbank's commodity analyst Carsten Fritsch notes.
Rabobank's RaboResearch Global Economics & Markets report indicates a painfully slow manufacturing recovery in the Eurozone, with industrial confidence remaining weak.
Annual inflation in Germany, as measured by the change in the Consumer Price Index (CPI), remained unchanged at 2.3% in November's preliminary estimate, Germany's Federal Statistical Office reported on Friday. This reading came in below the market expectation of 2.4%.
According to Rabobank, European markets have shown remarkable resilience this week, shrugging off France's fiscal woes and the European Commission's Excessive Deficit Procedure for eight countries.
US Dollar (USD) is likely to consolidate within a range of 7.0680/7.0880. In the longer run, downward momentum remains strong; if USD breaks below 7.0600, the next level to watch is 7.0400, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Rabobank's latest market comments highlight a significant political setback for the French government, as the National Assembly failed to finalize the 2026 draft budget's first reading.