First
on Monday, the IMF is expected to grant China's yuan reserve currency status.
The yuan would be included in the fund's Special Drawing Rights basket which,
while largely symbolic, would elevate the currency and China's influence in the
global economy.
Next Friday's US November jobs report is the
highlight of the week because it is the last big piece of data for the Fed to
mull before its rate hike meeting Dec. 15 and 16. But then there's the European
Central Bank's meeting next Thursday, where it is expected to expand its easing
program and the diverging central bank policies should continue to play out in
markets.
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