- Friday also saw the US dollar draw back against the Swiss franc, easing off on Thursday’s three-and-a-half year lows. After Thursday’s mayhem following the decision by the Swiss central bank to remove its cap on the euro, markets relaxed and digested the surprise decision.
- Tuesday is a key day for data out of China with growth, fixed asset investment, retails sales and industrial production figures being released. Growth is expected to have pulled back slightly to 7.2%
- The Canadian dollar had an awful finish to the week as it reached fresh lows against its US counterpart and dropped to five- year lows. Alarm signals will be ringing as to quite how strong the US dollar can become. Key inflation data is released at the end of the week.
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