Global FX DATA:

• • • ASIAN MARKET

      Asian shares wavered on Friday as investors were on edge before a crucial weekend meeting between the Chinese and U.S. presidents that could determine the course of a heated trade war over the next year.
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    • GOLD

                            Gold prices were flat early on Friday as the dollar steadied ahead of the G20                                meet in Argentina this weekend,where US and Chinese leaders are scheduled                              to discuss trade matters after months of tensions.

•                     OIL

                           Oil prices inched up Friday morning in Asia as major producer Russia                                             reportedly agreed on the need to slash output ahead of an OPEC meeting next                              week in Vienna.

•                 CRYPTOCURRENCY
   

                    The cryptocurrency market has stabilized after a short-lived recovery.                              The top-20 coins are mixed, though it is clear that the upside momentum                    has faded way for the time being. The total capitalization of digital assets                    in circulation increased to $137B from $135 this time on Thursday. 

•                 CHINA
  
  

                  China’s November manufacturing PMI dropped to 50.0 vs mkt and prior                    at 50.2.It was the lowest print since July 2016 and at 50 means activity                        within the sector stalled. New export orders remained below 50,                                     suggesting uncertainty over tariffs continues to serve as a drag.Non-                             manufacturing PMI was soft as well at 53.4 (mkt 53.8) hitting the lowest                     level since August last year.

•                 KOREA
  
  
                Korean Air Lines Co Ltd is very likely to order more Boeing Co 787 widebody                    jets to mainly replace its existing aircraft, as it seeks to streamline its fleet and                  reduce costs.

•                 BRAZIL 
•              Brazil’s exiting President Michel Temer signed into law a 16 percent pay rise for                                Supreme Court justices on Monday, disregarding a request from his President-elect Jair                   Bolsonaro that he veto the bill to avoid increasing next year’s budget deficit. 

•                 AREGENTINA
  
  
               Argentine President Mauricio Macri is used to seeing bad poll numbers as he                   struggles to drive through an unpopular austerity program that has cut fuel                        subsidies, raised taxes and sent utility bills soaring.
   
•                INDIA
  
  
                The Reserve Bank of India (RBI) on Monday partially eased a requirement for companies                to hedge dollars while raising funds from overseas markets - a move that will encourage                    companies to raise funds offshore and reduce demand for dollars in the domestic market

•                AUSTRALIA
  
                 GDP figures of Australian economy are forecasted to show a slightly                            slower quarterly rate of 0.5% q/q, but the year-ended growth is still likely                   to show a solid 3.2% y/y. 

•                JAPAN

?                       Japan Consumer Confidence Index dipped from previous 43 to 42.9 in November.

•              SAUDI ARABIA

•              CANADA

                        Canada’s third-quarter GDP is expected to decelerate to 2.0% over the year, but                       the overall growth picture remains favorable for Canada and the Bank of Canada                        will not be affected by the third-quarter deceleration.

•                USA

                    With the Federal Reserve expected next month to raise rates to what some U.S.                          central bankers believe is at or near a neutral level, Chairman Jerome Powell is                         retuning his message to signal a more cautious approach on further rate hikes                             next year.