FX Daily

US new home sales is the only number of interest today, a very quiet day on the data front. The figure rose very strongly in December and is expected to fall back a bit in January (we expect -2.2% m/m).

Fed chairman Yellen testifies again – this time to the financial service committee in the House. However, she is not likely to provide much new information following yesterday’s testimony in the Senate.

Riksbank minutes is the key event in the Scandi markets but Norwegian consumer confidence will also be in focus.

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