Macro Morning: Holiday volatility

By Chris Becker

Well that was a nice holiday, so what did I miss?

Fed cogitation over higher rates this year, plus a steady if not stellar US 4Q GDP print on Friday night, have shaken up but not stirred risk markets. The 3% plus slip in the US dollar against the majors in the last couple of weeks after nearing a 12 year high, amid the ECB’s QE program remaining on track and ructions in the Middle East are shaping up for some interesting volatility on my return!