US Dollar: 1. The US New York Fed Manufacturing Index for December unexpectedly contracted to -3.9, due to stagnant orders and declining shipments. 2. The US NAHB Housing Market Index rose 1 point to 39 in December, the highest level since April.

2025-12-16

US Dollar: 1. The US New York Fed Manufacturing Index for December unexpectedly contracted to -3.9, due to stagnant orders and declining shipments. 2. The US NAHB Housing Market Index rose 1 point to 39 in December, the highest level since April. 3. Fed Governor Milan: Underlying inflation is close to the target, and the Fed's policy stance is too tight. 4. White House National Economic Council Director Hassett: Trump is free to comment on Fed policy. 5. The race for Fed Chair intensifies, with Hassett facing opposition from Trump's inner circle. 6. Fed's Williams: Slowing employment and easing inflation risks support a Fed rate cut. Other: 1. Japanese media: The Bank of Japan is expected to raise interest rates to 0.75%, the highest in 30 years. 2. Two major Australian banks expect the Reserve Bank of Australia to resume rate hikes in February. 3. The Bank of Thailand expressed concern about the rapid appreciation of the Thai baht and has taken action. 4. Canada's annual inflation rate remained stable at 2.2%, with core inflation indicators showing some slowdown. 5. A Reuters poll: All 24 analysts expect the Russian central bank to cut its key interest rate. 6. The State Bank of Pakistan cut its benchmark interest rate by 50 basis points to 10.50%. 7. The Bank of Korea: The Bank of Korea and the National Pension Service (NPS) agreed to extend their currency swap agreement for another year. 8. Argentina plans to widen its exchange rate band in line with monthly CPI increases starting in 2026.