DXY was up again last night:Australian dollar was mixed:Oil is still hot:Dirt mixed:Miners soft:EM stocks softer:EM debt softest:US markets were closed for Martin Luther King Day. The Bank of Canada’s business outlook survey rose to another high, increasing the chances of a more proactive stance at the next meeting on Jan 26th. Event OutlookNZ: REINZ housing market update for December should reflect extended buoyancy. Meanwhile, the UK’s economic recovery should see the ILO unemployment rate remain low in the three months to November (market f/c: 4.2%). US: The January Fed Empire state index will provide a view on manufacturing in NY state (market f/c: 25.0) and the NAHB housing market index is expected to remain stable at a high level (market f/c: 84).

Source: The Guardian January 17, 2022 22:52 UTC