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00:01 United Kingdom BRC Retail Sales Monitor y/y November +0.8% +1.1% +0.6%
00:30 Australia Current Account, bln Quarter III -9.4 -11.1 -12.7
00:30 Australia Retail sales (MoM) October +0.8% +0.4% +0.5%
00:30 Australia Retail Sales Y/Y October +2.9% +3.6%
01:00 China Non-Manufacturing PMI November 56.3 56.0
01:30 Japan Labor Cash Earnings, YoY October +0.1% +0.1%
03:30 Australia Announcement of the RBA decision on the discount rate 2.50% 2.50% 2.50%
03:30 Australia RBA Rate Statement
The U.S. Dollar Index headed for its highest closing level in more than two months after a report showed manufacturing unexpectedly accelerated in November at the fastest pace since April 2011.
A private survey tomorrow may show employers in the U.S. boosted jobs last month by the most since June. ADP Research Institute will probably say tomorrow companies in the U.S. added 170,000 positions in November, which would be the most in five months, according to the median estimate of economists surveyed by Bloomberg News.
The Institute for Supply Management’s non-manufacturing index tomorrow may indicate continued expansion in industries that make up almost 90 percent of the world’s biggest economy.
The U.S. central bank is scheduled to release tomorrow its Beige Book business survey that provides policy makers with anecdotal accounts from the Fed districts two weeks before they meet to set monetary policy.
Australia’s dollar reached a five-year low versus its New Zealand counterpart as the larger nation’s Reserve Bank said a weaker currency was likely needed for balanced growth.
EUR / USD: during the Asian session, the pair traded in the range of $ 1.3525-45
GBP / USD: during the Asian session the pair was trading in the $ 1.6345-65
USD / JPY: during the Asian session, the pair rose to Y103.40
There is another full calendar on both sides of the Atlantic Tuesday, with both data and central bank speak to the fore. The European calendar gets underway at 0800GMT, with the release of the Spanish Nov unemployment data. Analysts are looking for an increase of 50,000 against last month's 87,000 rise. At 0900GMT, German Nov car registrations data will cross the wires. UK data is due at 0930GMT and includes the Nov CIPS/Markit Construction PMI data and the BOE minutes from the November FPC meeting. The Construction PMI may well ease a little after hitting a 79-month high in Oct. The sector appears to be enjoying solid growth after an extended period languishing in contractionary territory. The construction sector could continue to perform well if the economic recovery remains on track and housing market activity continues to increase. The PMI surveys have tended to surprise to the upside in recent months, however, and RBS forecast a rise to 59.5. The EMU Oct PPI data will be released at 1000GMT, with analysts looking for a fall of 0.2% on month and a fall of 1% on year. Bundesbank's Carl-Ludwig Thiele will deliver a speech in Berlin at 1800GMT, while ECB's Ewald Nowotny is scheduled to speak in BrusselS at the same time.
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