The USD/CAD pair trades weakly near its 11-week low around 1.3800 during the Asian trading session on Monday.
China Trade Balance USD came in at $111.68B, above expectations ($100.2B) in November
China Exports (YoY) above expectations (3.8%) in November: Actual (5.9%)
China Imports (YoY) came in at 1.9% below forecasts (2.8%) in November
China Trade Balance CNY rose from previous 640.4B to 792.57B in November
China Exports (YoY) CNY: 5.7% (November) vs -0.8%
China Exports (YoY) came in at 5.7%, above forecasts (3.8%) in November
In an interview with the Italian financial magazine Milano Finanza on Saturday, European Central Bank policymaker Olli Rehn said that "our latest forecast suggests inflation will remain slightly below 2% over the horizon."
West Texas Intermediate (WTI) US Crude Oil prices struggle to capitalize on a three-week-old uptrend and oscillate in a narrow band during the Asian session on Monday.
The EUR/USD pair posts modest gains around 1.1645 during the early Asian session on Monday. The prospect of a US Federal Reserve (Fed) rate cut at its December meeting on Wednesday could weigh on the US Dollar (USD) against the Euro (EUR).
The AUD/USD pair enters a bullish consolidation phase at the start of a new week and oscillates in a narrow range near its highest level since September 16, touched on Friday.
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0764 compared to Friday's fix of 7.0749.
The General Administration of Customs will publish its data for November on Monday at 03.00 GMT. Trade balance is expected to widen to $100.20B in November, compared to $90.07 in the previous reading. Exports are expected to rise by 3.8%, while Imports are projected to climb by 2.8%.
The GBP/USD pair kicks off the new week on a subdued note and oscillates in a narrow trading band, around the 1.3320-1.3325 region, during the Asian session.
Gold price (XAU/USD) trades in positive territory near $4,205 during the early Asian session on Monday. The precious metal edges higher as markets widely expect the Federal Reserve (Fed) to cut interest rates at its December meeting on Wednesday.
Japan Trade Balance - BOP Basis dipped from previous ¥4347.6B to ¥2833.5B in October
The Japanese economy contracted 0.6% over the quarter in the third quarter (Q3) of 2025, the final reading released by Japan’s Cabinet Office showed on Monday. This reading came in weaker the market expectation of 0.5%
Japan Gross Domestic Product Deflator (YoY) came in at 3.4%, above forecasts (2.8%) in 3Q
Japan Bank Lending (YoY) registered at 4.2% above expectations (4%) in November
Japan Current Account n.s.a. came in at ¥2834B, below expectations (¥3109.5B) in October
Japan Gross Domestic Product (QoQ) registered at -0.6%, below expectations (-0.5%) in 3Q
Japan Gross Domestic Product Annualized came in at -2.3%, below expectations (-2%) in 3Q
Japan Labor Cash Earnings (YoY) came in at 2.6%, above expectations (2.2%) in October
The USD/JPY pair loses ground to near 155.25 during the early Asian session on Monday. The US Dollar (USD) weakens against the Japanese Yen (JPY) as traders brace for the Federal Reserve (Fed) meeting this week, where policymakers are widely expected to cut interest rates.
Japan said that Chinese fighter jets twice directed fire-control radar at its F-15 aircraft over international waters near Okinawa, calling the incidents highly unsafe, Reuters reported on Sunday.