Leading into the NA long‐weekend the USD is weak, equities and gold prices are strong, oil prices are still flirting with $100, the US 10‐year is at 2.72% and volatility metrics are lower. The focus in the Asian and European sessions was a stronger than expected Chinese CPI print and better than expected Eurozone Q4 GDP growth. Together these two developments have supported growth currencies and helpedto reassure markets. However this has combined with broader trends to support the month‐to‐date shift in markets generally.
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Scotiabank