From Marc to Market:
Drivers: A consolidative tone appears to be emerging. The US dollar is mixed, with the dollar-bloc and Norwegian krone firm and the other others nursing small losses. The US jobs data is at the end of the week, and the market continues to digest geopolitical developments. China announced export controls on Japan for any good with military use, apparently in response to comments by Japan’s Prime Minister Takaichi last year. Investors and policymakers continue to think through the implications of US actions in Venezuela and the overtures about Greenland. Canada’s Prime Minister Carney meets with NATO Secretary General Rutte and Danish Prime Minister Frederiksen, followed by the French President Macron today. Early in the North American session, Fed’s Barkin and Miran speak.
Prices
G10
After being sold earlier yesterday (to ~$1.1660), the euro recovered in North America after the disappointing US manufacturing ISM and reached nearly $1.1730....
....MUCH MORE
