Themes
Interesting session in Asia today with the USD maintaining and extending its strength amid light volume trading.
With little in the way of meaningful data today, the market focused on the path of least resistance, which was continuing USD strength.
Moody’s did report today that they expect an economic rebound in South East Asia next year, with Sovereigns in good financial and debt positions.
The only other piece of interesting news in today’s session was a report in the U.K. Times that Prime Minister Johnson does not want to trigger Article 16 in regards to Irelands boarder with England.
Ahead
- Data tonight sees:
- Euro-zone Industrial Production
- U.S. Michigan Sentiment Index
Neither of these two reports should have a major impact on trading, with the focus for currency players to remain on U.S. equities and on the continued buoyancy in gold prices.