- Relatively flat US dollar and mixed EU indices as risk sentiment remains undecided after little overnight and weekend macro news with US returning for trade today from Presidents Day.
2/17/2021 10:58:33 AM GMT
Notes/Observations
- UK Jan CPI beats expectations but remain far from BOE target
- Italy PM Draghi stresses that his new govt cannot succeed without support from Parliament, need to pass reforms and address emergencies
- Bitcoin fever overtake coronavirus in headline coverage
Asia:
- Japan Jan Trade Balance: ¥323.9B v ¥625.0Be; Exports Y/Y: 6.4% v 6.6%e; Imports Y/Y: -9.5% v -5.5%e
- RBA Assist Gov Kent noted that its policy measures saw A$ 5% lower than otherwise and would continue to put downward pressure on currency. Current level of AUD currency at upper end of recent range; to make modest changes to how RBA uses FX swaps