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Thursday, January 5

5th Jan - USD offered heavily

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Nordic Outlook - January 2017 – Danske Bank

Euro Sovereign Playbook 2017: Steeper and steeper – ABN AMRO

What Brexit Economic Shock? UK Services PMI at 17 Month High – Forbes

The Financial Education of the EurozoneChristopher Smart

5 Things to Watch in the December Jobs ReportWSJ
A Few Thoughts Ahead of the US Jobs ReportMarc Chandler

FX: the USD and Presidential InaugurationsNordea
Hopes are high that President-Elect Trump will prompt a further near-term boost to the USD, possibly in conjunction with the Presidential Inauguration. What is the historical pattern of the USD surrounding such events?

Yield Forecast UpdateDanske Bank
Higher yields but mainly in H2 17

Noah Smith: 5 Economics Terms We All Should Use BB

Danske DailyDanske Bank

Risk of faster Fed hikes, Chinese data improve, more PMI numbers * Euro-area inflation jumps * Long supply ahead in the bond market * USD somewhat weaker

Morning MarketsTF
China's intervention on yuan continues to reverberate through the market helping USDCNH sllde below the 6.8 handle in the Asia session. The two-day move in the pair is close to 3% and was helped by the release of the FOMC minutes that showed a considerable degree of uncertainty among the Fed over Trump's plans.

Euro wrap-upDaiwa

Daily Market CommentMarc Chandler
Dollar Slide but Resilience Demonstrated while Yuan Squeezed Higher

Daily Press SummaryOpen Europe

Brussels PlaybookPolitico

10 things you need to know before the opening bellBI

Global Stocks Rise To 1.5 Year High After Chinese Intervention Halts Dollar Rally


FX UpdateTF
The FOMC minutes were a tedious affair and apparently inspired slightly less confidence in the Fed’s hiking plans for this year but it was a tremendous move in China’s offshore version of the yuan that once again stole the show overnight and may be the bigger driver of the USD correction.

USA:n talous vahvassa vedossa * Eilen julkaistu Fedin kokouspöytäkirja korosti rahapolitiikan epävarmuutta * USA:ssa palvelusektorin luottamusindeksi oli marraskuussa korkeimmalla tasollaan yli vuoteen * EURUSD palasi takaisin 1,05 dollarin yläpuolelle