Forex Analysis for Wednesday 14th December 2016
UK CPI y/y beat expectation (1.2% vs 1.1%).
The USD index barely moves ahead of Today’s Fed meeting. The three US equity indices continue to rise as do all the other equity markets we track. WTI consolidates just above USD53/bbl and the CAD consolidates too. The JPY weakens slightly, the GBP consolidates and the AUD and NZD grind upwards.
Nothing of note.
UK Average Earnings; US Headline and Core Retail Sales; US Fed Funds Rate
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