Preparing for BOC
Markets remained somewhat muted at the start of the impeachment trial despite Trump’s talk at Davos.
Meanwhile, concerns around the deadly coronavirus has mounted. This is going to affect Asian economies, and perhaps even emerging markets.
German and UK macros increased risk appetite in Europe. However, with the ECB and Brexit in the spotlight, we could see participants take on a cautious approach on euro and #pound while focusing on today’s BOC policy decision.