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NZ DOLLAR RISES AGAINST MAJORS



The New Zealand dollar strengthened against other major currencies in the Asian session on Monday.

The NZ dollar rose to 4-day highs of 0.6243 against the U.S. dollar and 88.72 against the yen, from Friday's closing quotes of 0.6206 and 88.22, respectively.

Against the euro and the Australian dollar, the kiwi advanced to 4-day highs of 1.7483 and 1.0762 from last week's closing quotes of 1.7543 and 1.0783, respectively.

If the kiwi extends its uptrend, it is likely to find resistance around 0.64 against the greenback, 90.00 against the yen, 1.73 against the euro and 1.06 against the aussie.

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YEN FALLS AGAINST MAJORS



The Japanese yen weakened against other major currencies in the early Asian session on Tuesday.

The yen fell to 6-day lows of 157.02 against the euro and 181.97 against the pound, from yesterday's closing quotes of 155.90 and 180.45, respectively.

Against the U.S. dollar and the Swiss franc, the yen slid to 6-day lows of 143.78 and 165.79 from Monday's closing quotes of 142.74 and 164.56, respectively.

Against Australia, the New Zealand and the Canadian dollars, the yen slipped to nearly a 2-week low of 96.61, a 1-week low of 89.50 and a 6-day low of 107.36 from yesterday's closing quotes of 95.71, 88.66 and 106.51, respectively.

If the yen extends its downtrend, it is likely to find support around 160.00 against the euro, 186.00 against the pound, 148.00 against the greenback, 169.00 against the franc, 98.00 against the aussie, 91.00 against the kiwi and 110.00 against the loonie.

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CHINA KEEPS BENCHMARK LENDING RATES UNCHANGED



China's central bank maintained its benchmark lending rates on Wednesday after the rate on the medium-term lending facility was kept unchanged last week.

The People's Bank of China kept the one-year loan prime rate, or LPR, unchanged at 3.45 percent.
The bank had previously lowered the one-year rate by 10 basis points in August. New and outstanding loans are based on the one-year LPR.

At the same time, the five-year LPR, the benchmark for mortgage rates, was retained at 4.20 percent for the sixth consecutive time.

The Chinese central bank fixes the LPR every month based on the submission of 18 designated banks. The LPR replaced the traditional benchmark lending rate in August 2019.

The PBoC was widely expected to leave the rates unchanged today after the rate on medium-term lending facility, which acts as a guide to loan prime rates, was maintained at 2.50 percent last week. The bank had added CNY 1.45 trillion into the financial system via MLF.

Official data released early this month showed that new yuan loans increased notably to CNY 1.09 trillion in November from CNY 738.4 billion in the previous month.

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YEN RISES AGAINST MAJORS



The Japanese yen strengthened against other major currencies in the Asian session on Thursday.

The yen rose to 2-day highs of 156.38 against the euro and 180.44 against the pound, from yesterday's closing quotes of 157.03 and 181.42, respectively.

Against the U.S. dollar and the Swiss franc, the yen advanced to 2-day highs of 142.81 and 165.66 from yesterday's closing quotes of 143.56 and 166.37, respectively.

Against Australia, the New Zealand and the Canadian dollars, the yen climbed to 2-day highs of 96.34, 89.27 and 106.94 from yesterday's closing quotes of 96.60, 89.65 and 107.35, respectively.

If the yen extends its uptrend, it is likely to find resistance around 153.00 against the euro, 178.00 against the pound, 140.00 against the greenback, 162.00 against the franc, 94.00 against the aussie, 87.00 against the kiwi and 104.00 against the loonie.

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TAIWAN JOBLESS RATE FALLS IN NOVEMBER



The unemployment rate in Taiwan decreased somewhat in November, the Directorate General of Budget Accounting and Statistics reported Friday.

The seasonally adjusted unemployment rate came in at 3.37 percent in November, versus 3.41 percent a month ago. In the same period last year, the rate was 3.63 percent.

On an unadjusted basis, the jobless rate dropped to 3.34 percent in November from 3.43 percent in October. Unemployment decreased to 400,000 from 411,000.

Data showed that total employment increased by 19,000 from the previous month to 11.57 million. From the previous year, employment grew by 147,000 in November.

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AUSTRALIAN DOLLAR FALLS AGAINST MAJORS



The Australian dollar weakened against other major currencies in the Asian session on Monday.

The Australian dollar fell to 6-day lows of 96.11 against the yen and 0.8987 against the Canadian dollar, from Friday's closing quotes of 96.82 and 0.9024, respectively.

Against the euro and the NZ dollar, the aussie slipped to 4-day lows of 1.6250 and 1.0756 from last week's closing quotes of 1.6189 and 1.0801, respectively.

The aussie edged down to 0.6775 against the U.S. dollar, from Friday's closing value of 0.6799, respectively.

If the aussie extends its downtrend, it is likely to find support around 93.00 against the yen, 0.87 against the loonie, 1.65 against the euro, 1.06 against the kiwi and 0.65 against the greenback.

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U.S. DOLLAR FALLS AGAINST MAJORS



The U.S. dollar weakened against other major currencies in the Asian session on Tuesday.

The U.S. dollar fell to 4-day lows of 1.1029 against the euro and 142.09 against the yen, from yesterday's closing quotes of 1.1007 and 142.34, respectively.

Moving away from an early high of 0.8568 against the Swiss franc, the greenback slipped to a 4-day low of 0.8550.

The greenback edged down to 1.2714 against the pound, from yesterday's closing value of 1.2689.

Against the Australia and the New Zealand dollars, the greenback slid to a 4-day low of 0.6816 and more than a 5-1/2-month low of 0.6324 from Monday's closing quotes of 0.6796 and 0.6305, respectively.

Moving away from an early high of 1.3262 against the Canadian dollar, the greenback edged down to 1.3251.

If the greenback extends its downtrend, it is likely to find support around 1.11 against the euro, 140.00 against the yen, 0.84 against the franc, 1.28 against the sterling, 0.69 against the aussie, 0.64 against the kiwi and 1.31 against the loonie.

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JAPAN HOUSING STARTS FALL 8.5%, MORE THAN EXPECTED



Japan's housing starts decreased for the sixth straight month in November, and at a faster-than-expected pace, data from the Ministry of Land, Infrastructure, Transport, and Tourism showed on Wednesday.

Housing starts dropped 8.5 percent year-on-year in November, which was worse than the 6.3 percent decline in October. Economists had expected a decrease of 4.3 percent.

Data showed that new construction was contracted in the majority of categories, including owned, rented, and built for scale.

The seasonally adjusted annualised number of housing starts fell to 775,000 in November from 808,000 in the previous month.

Data also showed that construction orders received by the big 50 contractors surged 33.6 percent annually in November, after a 4.2 percent rebound in the prior month.

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U.S. DOLLAR FALLS AGAINST MAJORS



The U.S. dollar weakened against other major currencies in the Asian session on Thursday.

The U.S. dollar fell to an 8-year low of 0.8396 against the Swiss franc and a 2-week low of 141.18 against the yen, from yesterday's closing quotes of 0.8425 and 141.45, respectively.

The greenback slid to a 5-month low of 1.1123 against the euro and nearly a 5-month low of 1.2815 against the pound, from Wednesday's closing quotes of 1.1108 and 1.2800, respectively.

Against the Australia and the New Zealand dollars, the greenback dropped to 5-1/2-month lows of 0.6872 and 0.6370 from yesterday's closing quotes of 0.6853 and 0.6348, respectively.

The greenback edged down to 1.3193 against the Canadian dollar, from yesterday's closing value of 1.3206.

If the greenback extends its downtrend, it is likely to find support around 0.82 against the franc, 140.00 against the yen, 1.13 against the euro, 1.29 against the pound, 0.69 against the aussie, 0.65 against the kiwi and 1.30 against the loonie.

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NZ DOLLAR RISES AGAINST MAJORS



The New Zealand dollar strengthened against other major currencies in the Asian session on Friday.

The NZ dollar rose to a 4-day high of 1.0767 against the Australian dollar and a 2-day high of 1.7427 against the euro, from yesterday's closing quotes of 1.0781 and 1.7460, respectively.

Against the U.S. dollar and the yen, the kiwi advanced to 0.6351 and 89.84 from Thursday's closing quotes of 0.6330 and 89.50, respectively.

If the kiwi extends its uptrend, it is likely to find resistance around 1.06 against the aussie, 1.73 against the euro, 0.64 against the greenback and 91.00 against the yen.

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CHINA MANUFACTURING SECTOR EXPANDS IN DECEMBER



China's manufacturing activity continued to expand at the end of the year, survey results from S&P Global showed on Tuesday.

The Caixin manufacturing Purchasing Managers' Index rose slightly to 50.8 in December from 50.7 in November.

The sector expanded for the fourth time in the last five months. A score above 50.0 indicates expansion.

There were stronger increases in output and new orders in December. However, staffing levels declined for the fourth month in a row.

Moreover, the degree of optimism softened from November.

"Looking to the new year, there is still room for adjustments in fiscal and monetary policies," Wang Zhe, a senior economist at Caixin Insight Group said. "Efforts in increasing employment should be strengthened to alleviate pressure on the job market, improve people's livelihoods, and ultimately foster long-term market confidence."

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ANTIPODEAN CURRENCIES SLIDE AMID RISK AVERSION



The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Wednesday amid risk aversion, following the mostly negative cues from global markets overnight, as major currencies in the region were hit by a stronger U.S. dollar. Technology stocks are bearing the brunt after Barclays cut the iPhone maker Apple's rating to underweight and trimmed its price target.

Traders now look ahead to a busy week of economic data, including key U.S. jobs data and the latest U.S. Fed monetary policy meeting minutes, for important clues to the economic and interest rate outlook.

In the Asian trading today, the Australian dollar fell to nearly a 2-week low of 0.6751 against the U.S. dollar and a 5-day low of 0.9000 against the Canadian dollar, from recent highs of 0.6771 and 0.9020, respectively. If the aussie extends its downtrend, it is likely to find support around 0.64 against the greenback and 0.88 against the loonie.

Against the yen, the euro and the NZ dollar, the aussie slipped to 95.88, 1.6220 and 1.0786 from yesterday's closing quotes of 95.98, 1.6176 and 1.0806, respectively. On the downside, 93.00 against the yen, 1.64 against the euro and 1.06 against the kiwi are seen as the next support levels for the aussie.

The NZ dollar fell to nearly a 2-week low of 0.6245 against the U.S. dollar and a 5-day low of 1.7532 against the euro, from yesterday's closing quotes of 0.6252 and 1.7487, respectively. If the kiwi extends its downtrend, it is likely to find support around 0.59 against the greenback and 1.76 against the euro.

Against the yen, the kiwi edged down to 88.72 from a recent high of 89.13. The kiwi may test support near the 87.00 region.

Looking ahead, Switzerland manufacturing PMI for December and German unemployment rate for December are due to be released in the European session.

In the New York session, U.S. MBA mortgage approvals data and U.S. ISM manufacturing PMI for December are slated for release.

At 2:00 pm ET, U.S. Federal Reserve is scheduled to release FOMC meeting minutes of its December meeting.

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NZ DOLLAR RISES AGAINST MAJORS



The New Zealand dollar strengthened against other major currencies in the Asian session on Thursday.

The NZ dollar rose to 6-day highs of 89.81 against the yen and 1.0757 against the Australian dollar, from yesterday's closing quotes of 89.50 and 1.0768, respectively.

Against the euro, the kiwi advanced to a 2-day high of 1.7437 from yesterday's closing value of 1.7474.

The kiwi edged up to 0.6269 against the U.S. dollar, from Wednesday's closing value of 0.6247.

If the kiwi extends its uptrend, it is likely to find resistance around 91.00 against the yen, 1.06 against the aussie, 1.73 against the euro and 0.67 against the greenback.

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EUROPEAN ECONOMIC NEWS PREVIEW: EUROZONE FLASH INFLATION DATA DUE



Flash inflation from the euro area and house prices from the UK are the top economic news due on Friday.

At 2.00 am ET, UK Halifax house price data is due. House prices are forecast to rise 0.1 percent on month in December, slower than the 0.5 percent rise in November.

In the meantime, Destatis is slated to issue Germany's retail sales for November. Sales are expected to drop 0.5 percent on month, in contrast to the 1.1 percent increase in October.

At 3.30 am ET, Germany's construction Purchasing Managers' survey results are due.

At 4.00 am ET, consumer price data is due from Poland.

At 4.30 am ET, UK S&P/CIPS construction PMI survey data for December is due. The index is expected to climb to 46.0 from 45.5 in November.

At 5.00 am ET, Eurostat publishes euro area flash inflation figures. Inflation is expected to advance to 3.0 percent in December from 2.4 percent in November.

Also, Italy's Istat releases flash consumer and harmonized prices for December.

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EUROPEAN ECONOMIC NEWS PREVIEW: EUROZONE ECONOMIC SENTIMENT, RETAIL SALES DATA DUE



Economic confidence and retail sales from the euro area are due on Monday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders and foreign trade figures. Orders are forecast to grow 1.0 percent on month in November, in contrast to the 3.7 percent decrease in October. Exports are expected to rise 0.3 percent month-on-month, following a 0.2 percent drop.

In the meantime, manufacturing output data is due from Norway.

At 2.30 am ET, Switzerland's Federal Statistical Office publishes consumer prices and retail sales reports. Inflation is expected to rise slightly to 1.5 percent in December from 1.4 percent in November.

At 4.30 am ET, Eurozone Sentix investor confidence survey results are due. The investor sentiment index is seen at -15.5 in January compared to -16.8 in December. At 5.00 am ET, economic sentiment survey results and retail sales data are due from the euro area. Economists forecast retail sales to fall 0.3 percent on a monthly basis in November, reversing a 0.1 percent rise in October.

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EUROPEAN ECONOMIC NEWS PREVIEW: GERMANY INDUSTRIAL OUTPUT DATA DUE



Industrial production from Germany and unemployment from Eurozone are the top economic news due on Tuesday.

At 2.00 am ET, Destatis is scheduled to release Germany industrial production for November. Output is expected to grow 0.2 percent on month, reversing a 0.4 percent fall in October.

At 2.30 am ET, industrial production data is due from Hungary. Economists forecast output to fall 0.7 percent annually in November after a 3.2 percent drop in October. At 2.45 am ET, foreign trade and current account figures are due from France. The trade deficit is expected to narrow to EUR 7.9 billion in November from EUR 8.6 billion in October.

At 4.00 am ET, Italy's statistical office ISTAT releases unemployment data for November. The jobless rate is seen rising to 7.9 percent from 7.8 percent in October. At 5.00 am ET, Eurostat is set to issue euro area unemployment data. Economists forecast the rate to remain at 6.5 percent in November.

At 8.00 am ET, Poland's central bank announces its monetary policy decision. The bank is likely to keep the benchmark rate at 5.75 percent.

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EUROPEAN ECONOMIC NEWS PREVIEW: FRANCE INDUSTRIAL OUTPUT DATA DUE



Industrial production from France is the only major economic data due on Wednesday, headlining a light day for the European economic news.

At 1.00 am ET, Statistics Finland releases industrial production figures for November. Output had increased 1.2 percent annually in October. At 2.00 am ET, consumer price data is due from Norway and Denmark. Norway's consumer price inflation is forecast to remain unchanged at 4.8 percent in December. Also, Statistics Sweden publishes GDP, industrial output and orders and household spending data for November.

In the meantime, the Turkish Statistical Institute is scheduled to issue industrial output and unemployment data.

At 2.45 am ET, France's statistical office INSEE releases industrial production figures for November. Output is forecast to remain flat on month, reversing a 0.3 percent drop in October.

At 4.00 am ET, retail sales data is due from Italy.

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AUSTRALIAN DOLLAR RISES AGAINST MAJORS



The Australian dollar strengthened against other major currencies in the Asian session on Thursday.

The Australian dollar rose to more than a 5-week high of 97.80 against the yen, from yesterday's closing value of 97.63.

Against the U.S. and the Canadian dollars, the aussie advanced to 2-day highs of 0.6726 and 0.8985 from yesterday's closing quotes of 0.6698 and 0.8961, respectively.

The aussie edged up to 1.6328 against the euro, from Wednesday's closing value of 1.6372.

If the aussie extends its uptrend, it is likely to find resistance around 98.00 against the yen, 0.68 against the greenback, 0.90 against the loonie and 1.61 against the euro.

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CHINA OVERALL INFLATION RISES 0.1% ON MONTH IN DECEMBER



Overall consumer prices in China were up 0.1 percent on month in December, the National Bureau of Statistics said on Friday.

That was shy of expectations for an increase of 0.2 percent following the 0.5 percent contraction in November.

On an annual basis, inflation fell 0.3 percent versus forecasts for a decline of 0.4 percent after slipping 0.5 percent in the previous month.

The bureau also said that producer prices sank 2.7 percent on year, missing forecasts for a decline of 2.6 percent after sinking 3.0 percent a month earlier.

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EUROPEAN ECONOMIC NEWS PREVIEW: GERMANY GDP DATA DUE



The annual GDP data from Germany and industrial production from the euro area are the top economic news due on Monday.

At 2.00 am ET, Destatis is scheduled to issue Germany's wholesale prices for December. Wholesale prices are forecast to rise 0.2 percent on a monthly basis, offsetting a 0.2 percent drop in November.

At 4.00 am ET, Germany's annual GDP data is due. The economy is forecast to shrink 0.3 percent in 2023, in contrast to the 1.9 percent expansion in 2022.

In the meantime, foreign trade figures are due from Italy. The trade surplus is forecast to rise to EUR 5.2 billion in November from EUR 4.7 billion in October.

At 5.00 am ET, Eurostat publishes euro area industrial production for November. Economists expect industrial output to drop 0.3 percent on month, following a 0.7 percent decrease in October.

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