White House Economic Adviser Kevin Hassett said that they should continue lowering the rate and that Federal Reserve (Fed) Chair Jerome Powell probably agrees it's prudent to cut rates in an interview with CNBC on Monday.

USD/CNH is trading heavy under 7.0700. China’s November trade data continues to point at weak domestic demand activity and decoupling with the US.

Since the US has effectively halted its financial assistance to Ukraine, it has fallen to the European Union to support the Kyiv government financially. And this aid is urgently needed — Ukraine’s funds are expected to run dry as early as April.

US Dollar (USD) is likely to trade between 7.0620 and 7.0740. In the longer run, outlook for USD remains negative; the next level to watch is 7.0400, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

After disappointing in October, Chinese exports returned to their growth path in November, rising again by 5.9% year-on-year.

China posted another strong export reading, highlighting unexpectedly firm global demand even amid a turbulent year for tariffs, ING's FX analyst Chris Turner notes.

Singapore Foreign Reserves (MoM) rose from previous 392.2B to 400B in November

Germany Industrial Production n.s.a. w.d.a. (YoY) increased to 0.8% in October from previous -1%

Germany’s industrial sector activity rose more than expected in October, the latest data published by Destatis showed on Monday.

Germany Industrial Production s.a. (MoM) registered at 1.8% above expectations (-0.4%) in October

European Central Bank (ECB) board member Isabel Schnabel said on Monday that she is comfortable with investor bets that the central bank’s next interest-rate move will be an increase.

Japan’s Finance Minister Satsuki Katayama said on Monday that he has recently seen one-sided and rapid moves in the foreign exchange market, and he will take appropriate action if necessary. 

China’s Politburo held its latest meeting on Monday, with the key takeaways noted below.

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 98.90 during the Asian trading hours on Monday.

China Trade Balance USD came in at $111.68B, above expectations ($100.2B) in November

China Exports (YoY) above expectations (3.8%) in November: Actual (5.9%)

China Imports (YoY) came in at 1.9% below forecasts (2.8%) in November

China Trade Balance CNY rose from previous 640.4B to 792.57B in November

China Exports (YoY) CNY: 5.7% (November) vs -0.8%

China Exports (YoY) came in at 5.7%, above forecasts (3.8%) in November

In an interview with the Italian financial magazine Milano Finanza on Saturday, European Central Bank policymaker Olli Rehn said that "our latest forecast suggests inflation will remain slightly below 2% over the horizon."

Japan Trade Balance - BOP Basis dipped from previous ¥4347.6B to ¥2833.5B in October

The Japanese economy contracted 0.6% over the quarter in the third quarter (Q3) of 2025, the final reading released by Japan’s Cabinet Office showed on Monday. This reading came in weaker the market expectation of -0.5% 

Japan Gross Domestic Product Deflator (YoY) came in at 3.4%, above forecasts (2.8%) in 3Q

Japan Bank Lending (YoY) registered at 4.2% above expectations (4%) in November

Japan Gross Domestic Product (QoQ) registered at -0.6%, below expectations (-0.5%) in 3Q

Japan Current Account n.s.a. came in at ¥2834B, below expectations (¥3109.5B) in October

Japan Gross Domestic Product Annualized came in at -2.3%, below expectations (-2%) in 3Q

Japan Labor Cash Earnings (YoY) came in at 2.6%, above expectations (2.2%) in October

Japan said that Chinese fighter jets twice directed fire-control radar at its F-15 aircraft over international waters near Okinawa, calling the incidents highly unsafe, Reuters reported on Sunday.