Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls 
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves 
U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness 
The annual headline inflation in Poland should move further into positive territory at the beginning of next year, especially if oil prices and USD/PLN pair stay at recent high levels.
For December, the year-on-year change of Polish consumer prices index will be clearly positive (estimate stands at 0.2 percent y/y at the moment), KBC Central European reported.
The Polish inflation matched expectation as the headline index was unchanged from a year ago in November, which marks the end of deflation period in Poland. Nevertheless, the EUR/PLN is a key driver of the price action in regional forex markets, while the pair is now facing a key technical resistance at the EUR/PLN 4.4616 level. Should the EUR/PLN broke above this resistance level, the pair will be heading to the 4.50 area.
Regional currencies, including the Czech koruna, have continued to be under selling as the EUR/PLN pair reached fresh four-month highs. Interestingly, just a few minutes before 5 p.m. yesterday the EUR/HUF suddenly popped up to 313 without any particular reason, and slide back to 312 this morning.
"The annual headline inflation in Poland should move further into positive territory at the beginning of next year, especially if oil prices and USD/PLN pair stay at recent high levels," the report said.
