ForexLive Asia-Pacific Wrap: Trying to Make Sense of China

Terrible Chinese import/export data
Japanese GDP data-0.9% in Q3 -- into technical recession
Japan Nov consumer confidence 39.4 vs 39.7 in Oct
Obama and Boehner met Sunday to discuss the Fiscal Cliff - both agreed not to comment
Some positive sentiment on a fiscal cliff deal
S Korea Nov PPI -0.2% YoY (its fastest fall in 3 years)
New Zealand Q3 Manufacturing Sales values +1.6% QoQ
UK Lloyds/TSB Nov consumer confidence -42 from -35 previously
Australia October Home Loans +0.1% m/m vs +0.9% prior
Gold +$2 to $1706
Nikkei flat at 9519
JPY leads, EUR lags

Berlusconi stealing the spotlight once again as he reenters the political sign and Monti bows out. The euro fell to 1.2888 at the open but stayed above Friday's 1.2877 low and is close to 1.2900.

USD/CAD opened a small gap at the open on the Nexen deal but hasn't been able to extend the gains despite breaking support at 0.9875.

AUD/USD was quiet until the weak Chinese trade data raised questions about the validity of the upbeat industrial production numbers released on the weekend.

Small moves overall but given the magnitude of the news since the close on Friday, I suspect Europe and North American will get things moving.