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Australia Melbourne Institute Inflation at 4-month high

The Australian Melbourne Institute inflation index for November rose 2.7 percent; its highest since July. Month-on-month, inflation rose 0.2 percent vs. previous month's print of 0.3 percent. 

Still, weak inflation remains a thorn in the flesh of the RBA. It is widely believed that the central bank would not be willing to risk pushing inflation expectations even lower and potentially into the deflationary territory by tightening policy prematurely. 

 

USD/JPY: bulls take back control towards 113 handle as US politics turn less negative

USD/JPY has recovered in style at the start of the week, rallying from the US session close of 112.15 in a bullish gap in the Asian open to 112.89 the
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USD/CNY: projection 6.6127 - Nomura

Analysts at Nomura offered their model projection for today's USD/CNY fix. Key Quotes: "Our model1 projects the fix to be 60 pips higher than the pr
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