The Aussie trade balance released by the Australian Bureau of Statistics is out as follows: Australia December balance goods/services A$+12,237 mln, s/adj (Reuters poll: A$+12,500 mln). Goods/services exports -1 pct MoM, seasonally adjusted. Goods/services imports +1 pct MoM, seasonally adjusted. AUD/USD update The markets are waiting for the Reserve Bank of Australia’s interest rate decision and AUD/USD is

EUR/JPY is displaying a subdued performance as fresh hawkish ECB bets failed to strengthen the Euro. The ECB might continue hiking interest rates considering a sheer deviation b/w the current inflation rate and the desired one. Higher Japan’s Labor Cash Earnings data might propel inflation projections ahead. The EUR/JPY pair is displaying topsy-turvy moves in a

US Dollar Index grinds near one-month high as bulls take a breather after three-day uptrend. US President Biden, Treasury Secretary Yellen pushed back recession woes and favored hawkish bias over Fed, underpinning DXY run-up. Absence of escalation in US-China tussles, cautious mood ahead of Fed Chair Powell’s speech probe greenback buyers. Powell needs to praise