PBOC: Will ramp up financial support to shore up economic recovery in 2023
“China will implement its prudent monetary policy in a targeted and efficient manner, and will
USD/KRW likely to continue to rise during Q1 – MUFG
The Korean Won is expected to appreciate by around 5% during 2023 according to analysts
USD/INR forecast at 79.8 by the end of 2023 – MUFG
The Indian Rupee led declines among most emerging Asia currencies in 2022, slumping 10.9% year-to-date
US: Manufacturing is slowing, price pressure is abating – Wells Fargo
The ISM Manufacturing report for December showed activity continues to slow. Analysts at Wells Fargo
USD/IDR: Indonesian Rupiah to rebound modestly in 2023 – MUFG
Analysts at MUFG Bank consider that the Indonesian Rupiah (IDR) is set to rebound modestly
Calendar picks up pace with US Manufacturing ISM and FOMC Minutes – Societe Generale
Analysts at Societe Generale note that the US Dollar stages a broad retreat early Wednesday
US: ISM Manufacturing PMI declines to 48.4 in December vs. 48.5 expected
US ISM Manufacturing PMI declined modestly in December. US Dollar Index recovers from daily lows,
US: JOLTS Job Openings little changed at 10.45 million in November
Job openings in the US declined margianlly in November. US Dollar Index continues to rise
EUR/USD attempts for a range break around 1.0600 ahead of US NFP and Eurozone Inflation
EUR/USD has attempted to come outside the woods on a bullish note amid an upbeat
AUD/USD Price Analysis: Needs to set a platform for a breakout above 0.6900
AUD/USD is expected to shift into an inventory accumulation process for a breakout above 0.6900.