Leading into the NA open the USD is strong, equities are flat and the US 10‐year yield has climbed back to 2.63%. This is a holiday shortened week in North America that is laden with earning releases poses some risks to markets, especially as tensions in Ukraine rise. This week will also be marked by two speeches by Chair Yellen, a slew of CPI releases (US, UK, Eurozone, Canada and New Zealand), China’s GDP and the BoC policy meeting. Today’s focus will be US retail sales, expected to rise 09%m/m in March.
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Scotiabank