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Asia Open - Overnight Highlights
December 5, 2025 12:00 AM UTC
EMERGING ASIA
EM currencies are trading individually against the greenback after initial reaction towards lower claims neutralized by realization of U.S. holiday. The biggest winners are INR 0.23%, followed by MYR 0.22%, HKD 0.02% and TWD 0.01%; while the biggest losers are KRW 0.46%, THB 0.35%, PHP
Preview: Due December 15 - Canada November CPI - Slightly firmer but not on the key core rates
December 4, 2025 7:57 PM UTC
We expect November’s Canadian CPI to increase to 2.3% yr/yr from 2.2% in October, suggesting Q4 is likely to exceed a Bank of Canada forecast of 2.0% made in October. However, risk on the Bank of Canada’s core rates leans to the downside.
Preview: Due December 11 - U.S. September Trade Balance - Canadian data suggests a wider deficit
December 4, 2025 2:56 PM UTC
We expect a September trade deficit of $70.5bn, up sharply from August’s $59.6bn but still below July’s $78.2bn. We expect exports to fall by 0.5% after a 0.1% August increase while imports rise by 2.8% after a 5.1% July decline. This could weigh on estimates for Q3 GDP, now due on December 23