The dollar strengthened on Friday afternoon after the release of University of Michigan Consumer Sentiment figures. The report showed little change in the headline figure from December, dropping marginally to 99.1 from the previous month reading of 99.3. This strength was initially triggered by upbeat housing starts data, which showed a 16.9% increase for December.
We’ll see home sales data on Wednesday and a series of PMI data on Friday.
Both Donald Trump’s impeachment trial and the World Economic Forum in Davos will start tomorrow. Trump is expected to express some views in Davos, possibly about his concerns over several European countries being ‘currency manipulators’.
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