'Global euro' may have to come with some FX lift.As American and European policymakers know well, global currency dominance and exchange rate movement are different things. But there's a decent argument that Europe's push to widen euro usage necessarily involves some revaluation of the single currency.
UK December ILO unemployment rate 5.2% vs 5.1% expected.As a general reminder, the UK labour market report is still one plagued by data quality issues. And that looks set to continue further as outlined here: UK statistics office evaluates potential delay to its overhauled jobs survey - report
New Zealand Expected to Hold Rates Despite Australia's Recent Hike.Today, the UK jobs report for December is released. The unemployment rate is expected to remain fairly stable with consensus at 5.2% and the previous rate at 5.1%.
USD/JPY Price Forecast: Slides further below 153.00; eyes 200-day EMA amid a firmer JPY.USD/JPY Price Forecast: Slides further below 153.00; eyes 200-day EMA amid a firmer JPY