FX News Today
Risk appetite waned during the Asian session.
Japan remained closed for a holiday.
US and European Stock futures, sold off in Asia.
Weak Chinese trade data rekindled concerns over impact of trade tensions d the outlook for world growth and earnings.
China’s exports contracted 4.4% y/y in December, marking the first decline since the 3.0% drop in March of 2018, consistent with ongoing slowing.
AUD, which many see as an indicator for global risk sentiment and is a liquid proxy for the Chinese Yuan sold off.
Gold gained some ground to $1,292.69.
WTI future is trading slightly below the $51 per barrel mark.
Charts of the Day
Main Macro Events Today
Eurozone Industrial Production – Expectations – The production expected to have contracted -1.4% m/m after dismal national data out of France, Germany and Italy for that month.
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