Here’s Why FX, Stocks Shrug Off Capitol Chaos

The Australian and New Zealand dollars continue to be the best performers. Euro and sterling lagged behind following downward revisions to December PMIs. The Canadian dollar shrugged off higher oil prices and an output cut ahead of Thursday’s IVEY PMI and trade balance reports. November and December were tough months in Canada and there’s a good chance the data will be softer. Given the continued increase in virus cases and the strict lockdown across the country, sterling should be trading much lower.

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