After an initial decline, the dollar has regained strength, showing resilience ahead of the North American session. It now stands firmer against all G10 currencies, except the Japanese yen.
Gold experienced a volatile journey, reaching over $2135 before retracing to around $2065.
January WTI, after peaking near $80 last Thursday, briefly dipped below $73 before returning to approximately $74, with resistance anticipated around $75.
The MSCI Asia Pacific Index has demonstrated a three-week rally but faced challenges at the beginning of the new week. In Europe, the Stoxx 600 is holding steady with minimal changes within a narrow range, following a three-day rally. US index futures exhibit a softer bias.

Asia Pacific
Japan's final PMI composite reading, the lowest of the year at 50 in the preliminary reading, is expected tomorrow. Focus shifts to tomorrow's Tokyo CPI after the dollar hit its lowest point against the yen since mid-September, prompted by the sharp drop in US rates.

The Reserve Bank of Australia meets early tomorrow after final PMI readings, following November's hike. Despite lacking credibility for a December hike, the Australian dollar reached its highest level since July last week, extending gains close to $0.6690 today, just below the resistance band in the $0.6700-25 range.

Europe
The euro's underperformance last week, potentially influenced by a low eurozone CPI print, adds weight to expectations of an early rate cut. US and German two-year yields dropped significantly, with the euro retreating from above $1.1015 to about $1.0830. Today, it trades within the pre-weekend range (~$1.0830-$1.0915).

Sterling, holding above $1.2600 before the weekend, rallied to about $1.2715, reaching $1.2725 today before facing selling pressure, bringing it down to almost $1.2650 in the European morning.

America
Today, the US anticipates factory orders and durable goods order revisions, with prior disruptions from the auto strike and halved Boeing orders.

Canada reported the creation of nearly 60k full-time positions last month, defying expectations with wage growth remaining at 5.0%. However, a decline in hours worked suggests caution regarding the economic recovery.
​​​​​​​The US dollar experienced its largest weekly loss against the Canadian dollar since mid-June, settling below the 200-day moving average for the first time since September, maintaining a three-week downtrend.