USD

* Yesterday, we heard president Trump say that the Chinese growth data shows the need for a trade deal.

* The US is set to proceed with the extradition of Huawei executive according to the Canadian press.

* US existing home sales due later on today.

GBP

* Cabinet member Rudd tells the PM that a number of MPs are ready to quit if she pushes for a no deal Brexit.

* Growing calls from Tory MPs to allow for a delay in Article 50.

* EBS FX and Swaps operation moving to Amsterdam.

* UK employment report and public borrowing figures out this morning.

EUR

* German ZEW survey is this morning’s focus in the Eurozone.

* EU Commission has cut Italy’s growth forecast in 2019 to 0.6%.

* Key weight for EUR this week will be the ECB on Thursday as well as the Jan PMIs the same day.

AUD & NZD

* Chinese CEOs are targeting Australia as a major growth market according to the Australian press.

* Global growth downgrade by the IMF adding to negative risk tone this morning.

* NZ BusinessNZ services PMI falls to 53.0 in Dec from 53.5.

CAD

* Oil prices having less of an impact on the CAD as we see a broad-based pick up in USD demand.

* Lower Gold prices highlight early year demand for USDs away from all other major currencies.

* Canadian manufacturing and wholesale sales for Nov due out this afternoon.

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