We got some ECB trial balloons earlier with basically zero response from EUR/USD:
- More on the ECB and lower QE amounts from January
- ECB said to be considering cutting QE to 30bn a month from January 2018
Over the past hours though EUR/USD has managed to tick up 20+ points. A weaker USD elsewhere, too; USD/JPY has dropped under 112.15 - this appears to be some small stop loss selling (under the overnight low)
AUD, NZD, GBP, gold, CHF all up against the big dollar to great or lesser extents too.
There has been a news conference earlier from the Canadian PM and his Mexican counterpart on NAFTA. A couple of links:
- Trudeau turns focus to Mexico in midst of NAFTA tensions
The prime minister is attempting to cement Canada's standing in the eyes of Mexicans as a trusted partner in all things, not just trade.
and
CAD is a little stronger against the USD also... there is very little in it though.
