India FX Reserves, USD increased to $688.95B in December 8 from previous $687.26B

ECB’s Kazaks: Counter-productive to talk about direction of rates

European Central Bank (ECB) policymaker and the current governor of the Central Bank of Latvia, Mārtiņš Kazāks, said during the European trading session that the consumer inflation expectations remain well-anchored.
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USD stabilizes after initial CPI-driven drop – OCBC

US Dollar (USD) fell post CPI report but subsequently retraced losses as markets skepticisms about CPI report grew. DXY was last seen around 98.69 levels. Inflation eased unexpectedly in Nov, with headline and core CPI at 2.7% and 2.6% (vs. 3.1% and 3% expected) respectively.
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