Canada Industrial Product Price (MoM) registered at 0.9% above expectations (0.3%) in November

Canada Raw Material Price Index came in at 0.3%, below expectations (0.6%) in November

United States Chicago Fed National Activity Index dipped from previous -0.12 to -0.21 in September

EUR/USD trades around 1.1740 on Monday at the time of writing, up 0.25% on the day.

Gold (XAU/USD) surges to fresh record highs on Monday, as escalating geopolitical tensions bolster safe-haven demand. At the time of writing, XAU/USD is trading around $4,413, up about 1.70% on the day, after breaking above the October 21 peak near $4,381.

The Pound Sterling (GBP) attracts bids against its major currency peers and jumps 0.45% to near 1.3440 on Monday, following the release of the United Kingdom (UK) Q3 Gross Domestic Product (GDP) data.

DBS Bank research team provides insights into the economic outlook for Asia and ASEAN in 2026, highlighting resilience despite global trade tensions.

The Indian Rupee (INR) holds onto last week’s gains against the US Dollar (USD) at the start of the week. The USD/INR pair clings to losses near 90.00, driven by the Reserve Bank of India’s (RBI) intervention in the spot and non-deliverable forward (NDF) market to support the Indian Rupee.

European Central Bank (ECB) General Council member and Governor of the Croatian National Bank said in the European trading session on Monday that risks to inflation and growth are more balanced, and the next move on interest rates could be in either direction.

The AUD/USD pair is up 0.45% to near 0.6640 during the European trading session on Monday. The Aussie pair strengthens as the US Dollar (USD) underperforms its peers, despite traders remaining confident that the Federal Reserve (Fed) will not cut interest rates in the first policy meeting of 2026.

HSBC analyzes the implications of the Bank of England's (BoE) recent rate cut on the British pound (GBP). The report notes that the BoE's ongoing easing cycle may lead to the GBP underperforming against other currencies like the AUD and NZD, which are expected to see rate increases.

EUR/JPY trades around 184.70 on Monday at the time of writing, showing little change on the day, in an environment shaped by diverging signals from the Eurozone and Japan.

HSBC's report discusses the European Central Bank's (ECB) decision to maintain its key deposit rate at 2% and its implications for the euro.

In a recent report by MUFG, Derek Halpenny discusses the rising intervention risks in Japan's financial markets due to the ongoing sell-off in Japanese Government Bonds (JGBs).

ING's Chris Turner, Global Head of Markets and Regional Head of Research for UK & CEE, and Min Joo Kang, Senior Economist, discuss the Bank of Japan's recent 25bp hike and the outlook for future rate increases.

European Central Bank (ECB) policymaker and governor of the National Bank of Slovakia, Peter Kažimír, said during the European trading session on Monday that risks to outlook are narrower, more balanced, adding that he is more cautious about rather subdued long-term growth prospects.

European Central Bank (ECB) Governing Council member and head of Lithuania's central bank, Gediminas Simkus, said during European trading hours on Monday that the Eurozone economic growth has improved, but is still sluggish, with inflation seen staying near 2% in the medium term.

Italy Producer Price Index (MoM) up to 1% in November from previous -0.2%

Italy Producer Price Index (YoY): -0.2% (November) vs previous 0.1%

Silver prices (XAG/USD) rose on Monday, according to FXStreet data. Silver trades at $68.88 per troy ounce, up 2.49% from the $67.21 it cost on Friday.

Greece Current Account (YoY) declined to €-1.088B in October from previous €-0.409B

Dow Jones futures gain 0.14% to trade above 48,500 during Monday’s European session, while S&P 500 and Nasdaq 100 futures also advance, edging up 0.35% and 0.53% to roughly 6,910 and 25,700, respectively.

EUR/CAD moves little after registering little gains in the previous session, hovering around 1.6160 during the early European hours on Monday. Volumes are expected to remain light as trading enters a holiday-shortened week ahead of Christmas.

The Japanese Yen (JPY) retains its bullish bias through the early European session on Monday, though it lacks bullish conviction amid a combination of diverging forces.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles to build on last week's recovery from its lowest level since early August and trades with a mild negative bias during the early European session on Monday.

United Kingdom Current Account above expectations (£-21.3B) in 3Q: Actual (£-12.067B)

United Kingdom Gross Domestic Product (YoY) meets forecasts (1.3%) in 3Q

United Kingdom Total Business Investment (QoQ) came in at 1.5%, above expectations (-0.3%) in 3Q

Silver (XAG/USD) prolongs its recent well-established uptrend and climbs to a fresh record high, around the $69.45 area, during the Asian session.

United Kingdom Current Account above expectations (£-21.3B) in 3Q: Actual (£-12.067B)