Federal Reserve (Fed) Bank of Richmond President Thomas Barkin said on Wednesday that countries that safeguard monetary policy autonomy tend to achieve better economic outcomes, as political pressure on the US Federal Reserve remains in focus.

South Korea Import Price Growth (YoY): 0.3% (December) vs previous 2.2%

South Korea Export Price Growth (YoY) fell from previous 7% to 5.5% in December

Argentina Consumer Price Index (MoM) above expectations (2.5%) in December: Actual (2.8%)

United States Monthly Budget Statement came in at $-145B, above forecasts ($-150B) in December

United States 30-Year Bond Auction rose from previous 4.773% to 4.825%

Fed’s Musalem (St Louis) said the US economy is likely to grow at or above its potential in 2026, helped by fiscal support and the lagged effects of earlier rate cuts.

United States New Home Sales (MoM) declined to 0.738M in September from previous 0.8M

United States RealClearMarkets/TIPP Economic Optimism (MoM) came in at 47.2 below forecasts (48.2) in January

United States New Home Sales (MoM) registered at 0.737M above expectations (0.71M) in October

United States New Home Sales (MoM) down to 0.737M in September from previous 0.8M

Platinum prices surged alongside Gold and Silver, narrowing its undervaluation relative to Gold, with the Gold/Platinum ratio now just under 2, a level last seen in June 2023, Commerzbank's commodity analyst Carsten Fritsch notes.

United States Redbook Index (YoY) fell from previous 7.1% to 5.7% in January 9

ADP Employment Change Weekly in the United States (US) rises to 11,750 per week on average for the four weeks ending December 27, from 11,500 previously, according to Automatic Data Processing (ADP).

United States Consumer Price Index n.s.a (MoM) dipped from previous 324.122 to 324.054 in December

United States Consumer Price Index Core s.a up to 331.86 in December from previous 331.07

United States Consumer Price Index (YoY) in line with expectations (2.7%) in December

United States Consumer Price Index n.s.a (MoM) down to 324.054 in December from previous 324.122

United States Consumer Price Index ex Food & Energy (MoM) came in at 0.2% below forecasts (0.3%) in December

United States Consumer Price Index (MoM) meets forecasts (0.3%) in December

United States Consumer Price Index n.s.a (MoM) fell from previous 324.122 to 324.05 in December

United States Consumer Price Index ex Food & Energy (YoY) registered at 2.6%, below expectations (2.7%) in December

United States ADP Employment Change 4-week average: 11.75K (December 27) vs 11.5K

Russia Central Bank Reserves $ up to $763.9B from previous $752.6B

US Dollar (USD) is likely to trade in a range between 6.9620 and 6.9820. In the longer run, USD remains neutral but is now expected to trade in a lower range of 6.9520/6.9900, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Sharp rebound has scope to test 1.3495 before a pullback can be expected; 1.3520 is not expected to come under threat. In the longer run, GBP is likely in a range-trading phase between 1.3390 and 1.3520, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Ireland Retail Sales (YoY) increased to 2.5% in November from previous 2.1%

Ireland Retail Sales (MoM): 0.5% (November) vs -0.5%

United States NFIB Business Optimism Index in line with expectations (99.5) in December

Brent Crude has recovered from its April–May low around $58.40 and is now pushing toward the 200-day moving average near $65.75, a level that has capped recent rebound attempts, Société Générale's FX analysts note.