Key events and Xmas greetings – Raboabnk

By FXStreet FXStreet (Guatemala) – Analysts at Rabobank explained that today we saw China’s housing prices, where major cities recorded m-o-m and y-o-y rises (part of the New Normal, of course – not that this has been a base for sustainable recovery anywhere else).

Key Quotes:

“We also have the BoJ policy meeting. No change is expected given the Fed is now doing Japan’s work for it on the exchange-rate. However, keep an eye on what the PBoC and the ECB do: CNY/JPY moved from 12.4 to 20.1 from Q3 2012 and Q2 2015, but is now at 18.9, while EUR/JPY shifted from 94.3 to a peak of 148.7, but is now at 132.7. For the rest of the day there is relatively little to look at except the Markit US services PMI and the Fed’s Lacker talking on the 2016 US outlook. 

Happy Friday, and for anyone heading off on holidays, Merry Xmas and a Happy New Year. For everyone else, rest assured that the Global Daily will still be here for you to read next week!”
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Source:: FX Street