•The market took advantage of the dollar’s recovery to sell it at better levels
•The UK reported its first look at Q4 GDP
•The North American session features Canada CPI and US Q4 GDP.
•Mexico reports December trade, where a $202 mln surplus is expected
The dollar remains broadly weaker against the majors despite Trump’s comments late yesterday.
Aussie and sterling are outperforming, while the euro and yen are underperforming.
EM currencies are broadly firmer. MXN and MYR are outperforming, while KRW and IDR are underperforming.
MSCI Asia Pacific was flat, with the Nikkei falling 0.2%. MSCI EM is up 0.4% on the day, with the Shanghai Composite rising 0.3%.
Euro Stoxx 600 is up 0.4% near midday, while S&P futures are pointing to a higher open.
The 10-year US yield is up 4 bp at 2.66%.
Commodity prices are mostly higher, with oil up 0.3%, copper up 0.1%, and gold up 0.5%.