Fundamental drivers reassert themselves in currency markets
Good morning. After a series of early-week distractions, currency market drivers are shifting back toward economic fundamentals today, with mixed US data keeping yields within tight ranges and the Japanese yen becoming a key focal point ahead of a potential snap election. Equity futures are setting up for a negative open after modest losses in yesterday’s session, Treasury yields are holding firm across the curve, and the dollar is trading almost imperceptibly lower against a basket of its major counterparts. American consumers continued to engage in retail therapy in November. According to figures published by the Census Bureau this morning,...