Holiday Moves Continue To Be Unwound

News Snapshot:

matejmo Overview The dollar is firm. Rates are mostly higher and equities lower. The moves scored in the holiday-thin markets are at end of last year are being unwound. This does not appear complete yet. Geopolitical tensions remain high but do not seem to be having a direct market influence as both gold and oil are trading lower. Among the G10 currencies, sterling has been the most resilient today but nearly flat. Within the emerging market complex, the Hungarian forint and Philippine peso are bucking the trend that has seen most of the emerging market currencies ease. Gold is down...