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China New Loans registered at 580B, below expectations (950B) in November

EUR/USD: ECB cut; focus next on Germany – OCBC

EUR fell. ECB rhetoric is dovish (though the extent of dovishness can be debatable), OCBC’s FX analysts Frances Cheung and Christopher Wong note.
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China M2 Money Supply (YoY) below expectations (7.6%) in November: Actual (7.1%)

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