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Daily Alert: Back on the good foot

  • Global risk sentiment was back on the good foot overnight, as geopolitical tensions eased
  • Movements in currencies have been fairly limited. The NZD/USD has managed to grind up 20 points or so on the back of the less risk averse mood, but still looks a little heavy
  • In the US tonight, we’re looking for a bumper January for retail spending (+1.9%mom) as the US Consumer Strikes Back, ahead of the FOMC Minutes this time tomorrow morning (8am)

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