Forex Calendar

Daily FX Update

The FOMC begins a two-day meeting as market participants look to an escalation in EU sanctions on Russia,

FX is similarly little changed in Asia today. EURUSD is 1.3434, AUDUSD is 0.9395, and USDJPY is 101.93.

Core bond yields edged higher yesterday. The move in the German 10-year yield was marginal, while the US 10-year yield climbed 2bp.

Main event today will be a meeting between EU ambassadors aiming to close a dealon so-called phase 3 sanctions against

The major G10 and EM currencies pairs were stuck in very tight ranges during the London morning and Asian session.

Markets are quiet heading into the NA session, lack-ing a catalyst in the absence of data releases and geopolitical develop-ments.

Rising geopolitical tension have left CEE currencies intact The CEE currencies ended the last week relatively unchanged,

Asian currencies were range bound with few domestic data to dictate direction. KRW initially strengthened 0.3% before retracing gains.

Bonds rallied on both sides of the Atlantic on Friday, and curves bull-flattened. The German 10-year yield fell by some 3bp back to

Silence before the storm today as there are no big key figures in an otherwise verybusy week. Only release of interest is US pending home sales,

A key factor driving house prices has been natural demand from a rapidly growing population.

Fonterra is expected to announce its dividend intentions by Thursday (the end of this month, as earlier promised).