Markets Go Eerily Quiet As Data Calendar Calms
Currency markets are treading water this morning, with most majors turning in a mixed performance against the dollar ahead of Thursday’s all-important US inflation print. Treasury yields are moving in almost-imperceptible ranges, equity bourses are mostly flat, and the commodities complex is advancing incrementally as the session proceeds. The Canadian dollar is holding steady, but appears to be building a foothold that could support gains later in the week if US price growth subsides in line with expectations. Japan’s yen is trading on a more solid footing after Tokyo consumer prices jumped 4 percent year-over-year in December, topping market forecasts...