Today, the performance of the US dollar exhibits a mixed trend. Notably, the dollar-bloc currencies show strength, contrasting with the softer performance of the euro and yen. Among emerging market currencies, the Mexican peso leads with a 0.20% gain, while most others lean towards a weaker tone.

Equities demonstrate resilience, with gains observed across various markets. In the Asia Pacific region, markets, led by a 2% surge in the Nikkei, experienced widespread increases. Europe's Stoxx 600 continues its positive momentum, building on a 0.4% gain from yesterday with an additional 0.25% increase. In the US, index futures are trading higher.

Gold is in a consolidation phase within yesterday's range following Monday's extreme price fluctuations. Meanwhile, January WTI has declined, reaching its lowest level since July at nearly $71.40.

Asia Pacific
Australia reports a Q3 GDP expansion of 0.2%. Consumer spending and net exports drags.  Market attention is on Australia's October goods trade figures.
The US dollar remains within yesterday's range against the Japanese yen and Australian dollar amid quiet consolidative activity. Despite soft Australian GDP, the Aussie remains near the 20-day moving average at $0.6540.

Europe
The eurozone notes a positive development as retail sales in October increase for the first time since May, albeit slightly below expectations with a 0.1% rise.
Germany, however, experiences an unexpected 3.7% decline in October factory orders against the anticipated gain.

The euro is lower for the sixth consecutive session, mostly below $1.08, influenced by last week's soft inflation report.
Sterling performs slightly better, maintaining a range (~$1.2590-$1.2615) amid a less dovish stance from the Bank of England.

America
The focus is on the ADP private sector jobs estimate, with a median forecast of a 130k increase after October's 113k. The US also reports the October trade balance.

Ahead of the Bank of Canada's decision, Canada's October merchandise trade balance and Q3 labor productivity are due, both showing deterioration this year.
The US dollar, having stalled near CAD1.36, now holds slightly below, with initial support near CAD1.3550.