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Colombia Economic Activity for November Expected, US Jobless Claims

LATAM
  • Colombia November economic activity is the major data point in LatAm on Thursday, a potentially important print heading into the Jan 31 BanRep meeting where cut expectations are mixed between 25 and 50 basis points. Argentina Trade balance data for December will cross later in the session.
  • USD: The greenback has faded off yesterday's cycle high, with the Wednesday London close marking the near-term top in the USD Index at 103.692. Newsflow and consequential datapoints have been few and far between across Asia-Pac trade, leaving markets to drift somewhat into Thursday trade.
  • DATA: Focus for the remainder of the Thursday session rests on the weekly US jobless claims data as well as December housing starts and building permits numbers. Central bank speakers include Fed's Bostic and ECB's Lagarde ahead of both banks' pre-decision media blackout periods that kick in this weekend.

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