US Dollar:
1. The Trump administration will appeal the court's ruling against Federal Reserve Governor Lisa Cook.
2. A Fed spokesperson stated: Powell's stance on the job market this week may indicate future policy direction.
3. Federal Reserve: Stephen Milan was sworn in as a Fed Governor before the Federal Open Market Committee meeting.
4. US Treasury Secretary Bensoner stated: If President Trump believes inflation is a problem, he would be willing to accept an interest rate hike.
5. White House National Economic Council Director Hassett stated: Economic growth is expected to be above 3%. The 10-year Treasury yield has fallen significantly.
6. Wells Fargo Investment Institute: The 2025 US GDP growth forecast has been raised to 2%, up from 1.3% previously.
Major Non-US Currencies:
1. The euro hit a new high against the dollar since September 2021 at 1.1878.
2. ECB Board member Escriva stated: Uncertainty persists, and the ECB must remain flexible. 3. ECB Vice President Guindos: Current interest rates are appropriate.
4. Inflation data paves the way for a Bank of Canada rate cut. Swap markets are pricing in a 93% probability of a rate cut on Wednesday, up from 87% before the CPI release.
5. Japan's 20-year government bond auction had a cover-to-cover ratio of 4.00, a 2020 high.
6. The offshore renminbi (CNH) rose above 7.10 against the US dollar for the first time since November.
Other:
1. The Bank of Thailand Governor: Will support gold trading in US dollars. The current interest rate policy is appropriate for current economic conditions. There are downside risks to the economic growth outlook next year. Monetary policy room needs to be maintained.
2. Spain's Economy Minister raised his third-quarter GDP growth forecast to 0.7% and his 2025 GDP growth forecast from 2.6% to 2.8%.
