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Asia Open - Overnight Highlights
December 12, 2025 12:44 AM UTC
EMERGING ASIA
EM currencies are trading individually against the greenback with mixed U.S. data and risk sentiment recouping earlier weakness. The biggest winners are PHP 0.38%, followed by MYR 0.25%, THB 0.19%, CNY 0.15%, CNH 0.12%, SGD & IDR 0.06%; while the biggest losers are INR 0.43%, TWD 0.23%,
Softer November CPI Print Encouraged CBRT to Cut Key Rate to 38% on December 11
December 11, 2025 8:54 PM UTC
Bottom Line: As we expected, Central Bank of Turkiye (CBRT) cut the policy rate by 150 bps to 38% during the MPC meeting on December 11 encouraged by softer November inflation. The committee said inflation expectations and pricing behavior are showing signs of improvement even as they continue to po
U.S. Initial Claims rebound from holiday drop, September trade deficit falls on surge in gold exports
December 11, 2025 2:14 PM UTC
After a sharply below trend outcome last week of 192k (revised from 191k) in a week that included the Thanksgiving holiday and may have seen seasonal adjustment problems, initial claims have rebounded above trend to 236k. The 2-week average is 214k, slightly below the 218k seen two weeks ago and the