US: FOMC minutes to be the highlight - BBH

Sandeep Kanihama FXStreet Contributor

Today's North American session features several data reports, which include US construction spending (a November gain is likely after a sharp 1.4% rise in October), the ISM manufacturing survey (expect little changed from 58.2 in November), and US auto sales (look for a slight uptick from the 17.35 mln unit SAAR pace in November), points out the research team at BBH.

Key Quotes

“The FOMC minutes from the December 13 meeting will be released late in the session. The minutes will be scrutinized for policy clues, but little will likely be found. A day after that FOMC meeting, the market had priced in about a 63% chance of a March hike. Now it is closer to 75%.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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