Morning Bid: Trump's BRICS warning shines light on emerging FX

Contributing sentiments towards policy:

49% : With Trump ramping up the trade threats ahead of his inauguration next month, policymakers in Beijing and China bulls will certainly be hoping so.Asia's economic calendar on Monday sees the release of a raft of manufacturing PMI reports, including China's 'unofficial' Caixin manufacturing PMI data for November.
44% : In a social media post on Saturday, Trump demanded that the 'BRICS' countries - Brazil, Russia, India, China and South Africa - commit to not creating a new currency or supporting another currency that would replace the U.S. dollar, or face 100% tariffs.
32% : This comes after Trump had already injected additional volatility into world currency markets last week by proposing big tariffs against China, Mexico, and Canada - countries the US has some of its largest trade deficits with.

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