The US dollar got the news it needed but the market wasn't impressed, that could be an early warning sign. The Canadian dollar was the top performer while the euro lagged. The Asia-Pacific calendar is quiet after a busy week. Our Premium trades include EURGBP, GBPCAD and USDCAD ahead of tomorrow's Canada CPI figures.
The shock of the day came with the Philly Fed rising to the highest since 1993. The index hit 40.8 compared to 18.5 expected – an 8.9 standard deviation miss.