RFEU - Attention Turns To Lagarde's Press Conference And U.S. Q4 GDP

2024-01-25 07:30:00 ET

Summary

• The US dollar is trading mostly quietly in narrow ranges against the G10 currencies ahead of the ECB's President Lagarde's press conference.
• Most of the emerging market currencies are a little firmer, but not the Mexican peso or Chinese yuan.
• The US dollar has come back firmer against the Chinese yuan and is poised to snap a three-day decline.
• The US preliminary January PMI was well above expectations.

Overview

The US dollar is trading mostly quietly in narrow ranges against the G10 currencies ahead of the ECB's President Lagarde's press conference at the conclusion of the policy meeting and the first estimate of Q4 US GDP....

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