MacroBusiness
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See the latest Australian dollar analysis here:
Australian dollar whoa!
Junk eased:
Event Wrap
US Nov. CPI rose +0.2%m/m (est. +0.1%m/m), for an annual pace of 1.2% (vs est 1.1%). The ex-food and energy measure rose 0.2% for an annual pace of 1.6% (vs est 1.5%).
US weekly initial jobless claims at 835k were higher than anticipated (est. 725k, as were continuing claims (5.757m, est. 5.21m), highlighting the impact of the increased cases of Covid across the country.
US fiscal stimulus talks: Senate Majority Leader McConnell is reportedly now on board with Mnuchin’s $916 billion proposal, citing the need to do “everything we can” to help the economy. House Speaker Pelosi saw the other $908 billion plan still being drafted by a bipartisan group of lawmakers as the best path to a deal.