Out of Asia
For the Aussie Dollar:
There are no material stats due out to provide the Aussie Dollar with direction.
From China, private sector PMI numbers for December will draw interest on Thursday and Friday, however. With the Australian markets closed on Friday and scheduled for an early close on Thursday, we could see a bigger response than normal. The Australian markets are also closed on Monday.
Away from the economic calendar, expect COVID-19 news to also influence.
The Aussie Dollar ended the week down by 0.22% to $0.7605.
For the Kiwi Dollar:
It’s a particularly quiet week ahead on the economic calendar. There are no material stats due out to provide the Kiwi Dollar with direction.
From China, private sector PMI numbers for December will draw interest on Thursday and Friday, however.
It’s a shortened week, with New Zealand also on holiday on Monday and Friday and set for an early close on Thursday.
The Kiwi Dollar ended the week down by 0.27% to $0.7117.
For the Japanese Yen:
It is a relatively quiet week on the economic calendar.
Prelim industrial production figures for November are due on Monday.
With a number of major markets closed, we can expect some sensitivity to the numbers, with volumes on the lighter side.
Away from the economic calendar, COVID-19 news will continue to influence.
The Japanese Yen ended the week down by 0.13% to ¥103.43 against the U.S Dollar.
Out of China
It’s a relatively busy week ahead on the economic data front.
December private sector PMI numbers are due out on Thursday and Friday.
The markets preferred Caixin Manufacturing PMI is due out on Friday, however, when most major markets are closed for New Year’s Day.
From the weekend, industrial profit figures
The Chinese Yuan ended the week down by 0.03% to CNY6.5418 against the U.S Dollar.
With the U.S on holiday, there shouldn’t be too much to rock the boat in a shortened week ahead.
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