Germany Gross Domestic Product w.d.a (YoY) unchanged at 0.3% in 3Q

Sweden Producer Price Index (MoM): 0.4% (October) vs -0.7%

Sweden Producer Price Index (YoY): 0.4% (October) vs previous 0.5%

Germany Gross Domestic Product (QoQ) meets expectations (0%) in 3Q

Germany Gross Domestic Product (YoY) in line with expectations (0.3%) in 3Q

Chinese President Xi Jinping spoke on the phone with US President Donald Trump, Chinese state news agency Xinhua reported on Monday. A surprise phone call came weeks after two leaders met in South Korea in late October.

EUR/CAD moves little after registering modest gains in the previous session, trading around 1.6260 during the Asian hours on Tuesday. The currency cross may regain its ground as the Euro (EUR) gains support on expectations that the European Central Bank (ECB) has finished cutting interest rates.

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a negative note near 100.15 during the Asian trading hours on Tuesday.

South Korea Consumer Sentiment Index up to 112.4 in November from previous 109.8

Federal Reserve (Fed) governor and President of the Federal Reserve Bank of San Francisco spoke at an interview for the Wall Street Journal on Monday and said that she still thinks the Fed can bring inflation back to its 2% target.

United States 2-Year Note Auction: 3.489% vs previous 3.504%

European Central Bank (ECB) governor and Deutsche Bundesbank President Joachim Nagel spoke at the at the Frankfurter Impulse event, in Frankfurt on Monday. He claimed that although food inflation remains stubborn, the current level of the euro at $1.16 is not a cause for concern

United States Dallas Fed Manufacturing Business Index declined to -10.4 in November from previous -5

Federal Reserve (Fed) Governor Christopher Waller told Fox Business on Monday that he is advocating for a rate cut at the December policy meeting, per Reuters.

US Dollar (USD) could edge lower to 7.0970; the next support at 7.0910 is unlikely to come into view. In the longer run, downward momentum has increased slightly; for a continued decline, USD must first close below 7.1020, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The price movements are likely part of a consolidation phase between 0.5590 and 0.5625. In the longer run, NZD is expected to move lower; if it breaks below 0.5565, it could decline further to 0.5540, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The Japanese government, which pursued reflationary policies for two decades, has just introduced a fiscal package aimed at alleviating the burden of recent - yep, _too high_ inflation.

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.