Forexlive European FX news wrap: Choppy price action as the US CPI looms ...Middle East

US November NFIB small business optimism index 101.7 vs 94.2 expectedUSD/JPY looks to US CPI report to potentially break ping pong rangeChina shot in the arm already fading away?German engineering body continues to see fall in production for 2025European indices hold slightly lower at the open todayWhat are the main events for today?Eurostoxx futures -0.5% in early European tradingGermany November final CPI +2.2% vs +2.2% y/y prelimChina has full confidence in achieving this year's economic target - XiA light one on the data docket in Europe todayRBA's Bullock: I don't know if we're going to be cutting rates in FebruaryRBA's Bullock: We did not explicitly consider an interest rate cut todayR

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