Daily FX Update

A $1.1tn US government deal, bank earnings, UK inflation returns to 2% and Japan releases are record current accountdeficit are the developments driving markets into the NA open. Today’s retail sales will provide an update on the consumer in December while business inventories are important as they will the into Q4 GDP. Thereare two Fed speakers today, Plosser and Fisher, who are both voting hawks).

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Scotiabank