ForexLive Asia-Pacific FX news wrap: Trump trolls Trudeau

• FX option expiries for 17 December 10am New York cut
• China must give firm, forceful response to the US ‘blatant interference’ in Taiwan
• Key measure of CEO confidence in China signals pessimism for the first time since pandemic
• Pressure on Canada PM Trudeau to resign intensifies after caucus meeting
• New Zealand is assessing if Vanuatu earthquake tsunami could affect New Zealand
• China’s capital markets experienced a record net outflow of US$45.7 billion in November
• 7.4 magnitude earthquake Vanuatu
• European Central Bank speakers Tuesday include Rehn, Buch and Elderson
• PBOC sets USD/ CNY central rate at 7.1891 (vs. estimate at 7.2842)
• Japan economy minister Akazawa reiterates BoJ will conduct monetary policy appropriately
• Singapore Non-oil Domestic Exports (NODX) November 2024: +14.7% m/m vs. +8.0% expected
• New Zealand to issue more debt in 2024/25
• ICYMI – Federal Reserve ready to slow rate cuts, or even stop, after this week
• Australian monthly consumer confidence survey falls 2% in December
• Standard Chartered is bullish US equities next year
• Interactive Brokers chairman Thomas Peterffy nominates Bitcoin crash as a big risk
• Scaramucci predicts Bitcoin to US $200,000 by the end of 2025
• Australian weekly consumer confidence survey falls to a 9 week low
• Forexlive Americas FX news wrap 16 Dec: Masa son and Softbank pledge $100B US investment.
• Nomura on the two main factors that will drive further US dollar strength in 2025
• Canada budget blow-out: 62bn CAD deficit vs. 40bn expected previously
• As the Nasdaq closes at a new record, the Dow has now fallen for 8 consecutive days
• Trade ideas thread – Tuesday, 17 December, insightful charts, technical analysis, ideas

Major
FX rates traded in subdued ranges while traders awaited key central
bank meetings this week, such as the Federal Open Market Committee
(FOMC) (statement due Wednesday US afternoon) and Bank of Japan
(statement due Thursday Japan time). After these the excuse will be
the imminent holidays, but I digress.

News
and data flow was very light indeed. Singapore’s Non-oil
Domestic Exports (NODX) improved notably in November while Australian
consumer sentiment dripped lower.

In
political news pressure on Canada’s PM Trudeau to resign
intensified in a caucus meeting. So far Trudeau has shrugged it all
off and remains in place. Trump
continues to stoke the fires of unrest with trolling on his social
network:

Not very neighbourly.

This article was written by Eamonn Sheridan at www.forexlive.com.