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Published: 2024-01-22T20:45:35.000Z

North American Summary and Highlights 22 Jan

byDave Sloan

Senior Economist , North America
-

Overview - 
The USD made marginal gains in a very quiet session. 



 

North American session
It was a quiet session in North America, with no data or news of note. While there was little movement in equities, the commodity currencies saw some slippage, USD/CAD rising to 1.3480 from 1.3415 and AUD/USD slipping to 0.6570 from 0.6595. USD/JPY edged above 148 while EUR/USD remained slightly weaker after failing to regain the 1.09 level. GBP/USD was marginally firmer, but came off its highs in late trade. 
European morning session
The USD edged a little higher against the EUR and a little lower against the CAD in a very quiet European morning session, but was otherwise little changed. EUR/USD slipped around 15 pips to 1.0885, and USD/CAD fell a similar amount to 1.3425. USD/NOK was also higher but USD/SEK not much changed as NOK/SEK fell back.
News was very thin on the ground, with no data of note. Equity indices were mixed, with US futures staying well bid after hitting the all time high on Friday, but European equities edging a touch lower. Bonds yields generally edged slightly lower.
 

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