Morning Commentary & Currency Insights – December 19, 2017

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Extremely quiet overnight sessions in the Far East & UK saw all G7 currency pairs trade within a 25-50 point range.  U.S. building permits & housing starts are due out at 8:30 AM EST but lethargy is gripping the market.  Players are awaiting finalization of a U.S. tax package to be passed in Congress as we slowly tick down the week into the holiday season.

 

USD/CAD had an uneventful 25 point range as we await tomorrow’s option expiries and Thursday’s Canadian inflation & retail sales data.  Very uninspiring start to the day.

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