Markets are notably quiet with a slight preference for risk appetite leading into the NA open. In FX most currencies traded in notably small ranges during both the Asian and European sessions. Geopolitical risks remain, as Russia is removed from the G8 and the threat of sanctions increase; however equities are stronger, the US 10‐year is down to 2.73% and the USD is mixed. Today’s focus will be US housing data, consumer confidence and broader developments. There are several Fed speakers; but most come after the NA close
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Scotiabank