N.Y. FX Outlook
N.Y. FX Outlook: The dollar perked up some versus the euro, yen and pound in London morning trade, though lost ground to the CAD on the back of surging oil prices. Overall, the greenback remains largely range bound into month end. The U.S. calendar is highlighted by the November ADP private employment survey, where analysts expect payrolls to rise by 180k versus the 147k outcome in October. October personal income should increase 0.4%, from the previous 0.3% gain, while October PCE is seen up 0.5% as it was in September. The November Chicago PMI is penciled in at 53.0 from 50.6 in October, while the October pending home sales index is expected to edge up to 110.5 from 110.0. October agriculture prices, and weekly MBA mortgage and oil inventory figures are also on tap. The Fed will release the Beige Book for the December 13-14 FOMC meeting, but it won't provide any new considerations on the outcome, where a 25 bp hike is fully priced.