Markets are relatively quiet with the USD focused on individual domestic stories and negative developments for EUR. The Bundesbank has suggested that it would support stimulus; while data has been relatively disappointing across Europe and China; with the one exception being encouraging releases from New Zealand and Sweden. Russian continues to take headlines with ongoing risk, but most vol indicators are still subdued. There is a chance that the appointment of the three Fed nominees might be delayed on politics. Today U.S. retail sales (see chart) and business inventories will be the data focus.
Read the full report: FX Daily
Scotiabank