Author: Steven Oram
The Australian Dollar has opened largely unchanged, movements maybe muted over the coming three weeks, with the next major economic announcement not coming until U.S. Non-farm Payrolls data is released on 11 January, 2020.
Canadian GDP, US Durable goods orders early Christmas Eve and US Trade Balance data early New Years Eve being the only events of note that could trigger some interest.
As always, there is the possibility of 2019 year-end position square-ups having an impact, and there is also the outside chance of another ‘flash crash‘. On a more positive note, it is first time ever that the U.S. economy has gone through an entire decade without going into a recession.
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