Bloomberg reports, citing officials familiar with the situation
Adding that several members of the governing council would support such a proposal, even those who have a personal preference for a six-months extension.

Reuters reports, citing sources involved in China’s internal policy discussions
A drop in USD/CNY to 6.40 would mean another 2% drop from current levels. Since peaking in late May, the pair has already fallen by roughly 9%.

GBP/USD pares the jump earlier to 1.3494 as price retreats back to 1.3450
The pair got a jump from the earlier headline , before giving back all of the gains now as we see a retreat upon nearing a test of 1.3500. There is also key daily resistance from the 1 September high @ 1.3483 to

The US jobs report today may not have any overbearing consequences but it should still reflect sentiment for the most part
You can’t really blame anyone for forgetting or ignoring today’s non-farm payrolls report. Amid Brexit headlines and US stimulus talk, as well as the ongoing battle between the virus situation and vaccine optimism, it is

That is pretty much the motto of every central bank now
And yet, they wonder why they keep getting questions on asset bubbles.

This is a market itching to buy the pound
The Brexit angst from yesterday is quickly forgotten now as we continue to wait on more concrete developments from talks in London, with either some time today or tomorrow.

Reuters with the latest on the Brexit front, citing an EU diplomat on the matter
There doesn’t seem to be much room to compromise and that bolsters the narrative that if both sides are to magically come up with an agreement, it may very well exclude the three key outstanding issues i.e. postponing them to a

This adds to the growing chorus for a weaker dollar in 2021
Deutsche releases its latest forecast for the euro and pound expecting EUR/USD at 1.3000 and GBP/USD at 1.4600 respectively by the end of next year.

Latest data released by Eurostat – 3 December 2020

Oil slips by 1% to a low of $44.66 before a mild bounce
There is a by the WSJ suggesting that the bloc is closing in on an agreement to boost output by about 500k bpd starting from next month, in an attempt to strike a compromise between all members later today.