ABN AMRO’s Group Economics highlights that the brief US government shutdown has delayed key labour and inflation data, with methodological changes set to distort January readings.
USD/CAD remains steady after paring daily gains, trading around 1.3700 during the Asian hours on Friday. The pullback reflects support for the commodity-linked Canadian Dollar (CAD) as Oil prices recover.
Commerzbank's FX Research report by Tatha Ghose discusses the outlook for the Ruble amidst ongoing geopolitical tensions and sanctions. The report highlights a potential positive scenario if a peace deal between Russia and Ukraine is reached, which could lead to the lifting of some sanctions.