Forex headlines for January 15, 2014:

  • January US Empire state manufacturing index 12.51 vs 3.75 exp
  • December US PPI 1.2% y/y vs 1.1% y/y expected
  • Beige Book: Economy expanded at moderate pace in most regions
  • BOE’s Carney: Breaking up banks does not always lead to more competition
  • Canadian existing home sales -1.8% m/m in December – CREA
  • Fed’s Evans: ‘Recent news on inflation has not been good’
  • Evans says pace of taper should continue in Jan, could be more aggressive in March
  • S&P 500 up 0.5% to 1848 — all time closing high
  • Gold down $4 to $1242
  • WTI crude up $1.86 to $94.45 on lean inventories
  • USD and CAD lead, CHF and AUD lag