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Schedule for tomorrow, Tuesday, December 3, 2019

Time Country Event Period Previous value Forecast
00:30 Australia Current Account, bln Quarter III 5.9 6.3
03:30 Australia RBA Rate Statement    
03:30 Australia Announcement of the RBA decision on the discount rate 0.75% 0.75%
07:30 Switzerland Consumer Price Index (MoM) November -0.2% -0.1%
07:30 Switzerland Consumer Price Index (YoY) November -0.3% -0.1%
09:30 United Kingdom PMI Construction November 44.2 44.5
10:00 Eurozone Producer Price Index, MoM October 0.1% 0%
10:00 Eurozone Producer Price Index (YoY) October -1.2% -1.9%
17:30 Eurozone ECB's Benoit Coeure Speaks    
21:30 Australia AIG Services Index November 54.2  

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19:13 09.12.2019
U.S. consumer inflation expectations recover from five-year low - New York Federal Reserve survey
New York Federal Reserve survey revealed the U.S. consumers' inflation expectations increased slightly in November, bringing the outlook for near and medium-term inflation up from a five-year low, and potentially offering relief to policymakers worried about sagging inflation.The median outlook for what inflation will be over the next three years edged up by 0.1 percentage point to 2.5%, the survey showed.Meanwhile, expectations for inflation over the next 12 months rose marginally by 0.02
18:38 09.12.2019
NZD momentum finally reflected in positioning - ING
Francesco Pesole, an FX Strategist at ING, notes that the New Zealand dollar net speculative positions dropped by 13% of open interest in the week between 27 November – 3 December, and is now at -38%, according to CFTC data. "This move was widely expected as short-positions had previously held up surprisingly well, despite the mounting NZD momentum.NZD remains the biggest G10 short amongst speculative investors as well as the only currency whose positioning falls outside the +/1 standard
18:22 09.12.2019
BoC likely to cut rates just once in 2020 – TDS
Analysts at TD Securities say they have changed their call and are now looking for the Bank of Canada (BoC) to cut rates just once in April 2020.“While the Canadian economy has thus far been resilient to global headwinds, we do not believe recent actions taken by the US and China to enough to meaningfully resolve the elevated level of trade uncertainty which should prompt the BoC to provide more stimulus to offset the impact of global headwinds.Underscoring the BoC's (relatively) constructive
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