Dollar Steady as Fed Nomination and Japanese Election Shape Currency Markets 
Japan’s Agricultural, Forestry and Fishery Exports Hit Record High in 2025 Despite Tariffs 
Trump Administration Sued Over Suspension of Critical Hudson River Tunnel Funding 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
South Korea Inflation Hits Five-Month Low as CPI Reaches Central Bank Target 
China and Uruguay Strengthen Strategic Partnership Amid Shifting Global Order 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Stephen Miran Resigns as White House Economic Adviser Amid Federal Reserve Tenure 
Gold Prices Rebound Near Key Levels as U.S.-Iran Tensions Boost Safe-Haven Demand 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
Asian Currencies Strengthen as Indian Rupee and Australian Dollar Rally 
Japan Services Sector Records Fastest Growth in Nearly a Year as Private Activity Accelerates 
Asian Markets Wobble as AI Fears Rattle Stocks, Oil and Gold Rebound 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Australia: Trade balance improves to 3.51 billion with exports rising 5 percent and imports by 1 percent. Building permits declined 11.4 percent in December from a year ago.
Upcoming:
- Japan: Consumer confidence report for January will be released at 5:00 GMT.
- Spain: January unemployment change will be reported at 8:00 GMT.
- Switzerland: Real retail sales report will be published at 8:15 GMT.
- Eurozone: Economic bulletin will be published at 9:00 GMT. Producer price inflation for December will be reported at 10:00 GMT. ECB president Draghi is scheduled to speak at 12:15 GMT.
- United Kingdom: Markit construction PMI report will be published at 9:30 GMT. BoE will announce monetary policy at 12:00 GMT.
- United States: Weekly jobless claims report will be published at 13:30 GMT, along with non-farm productivity report and unit labor cost report. TIPP economic optimism report will be published at 15:00 GMT. EIA will release weekly natural gas inventory report at 15:30 GMT.
- Australia: AiG performace of services index will be published at 22:30 GMT.
- Japan: BoJ will release monetary policy minutes at 23:50 GMT.
