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Focus On Raft Of US Data Ahead Of Thanksgiving Holiday

LATAM
  • G10 currencies trade largely subdued early Wednesday, with EUR/USD strength over Asia-Pac hours resulting in a 1.0348 print before prices moderated across Europe amid mixed Flash PMI data.
  • Equities continue to provide a generally risk-on backdrop, with the e-mini S&P and EuroStoxx future both holding inside short-term uptrend.
  • Focus turns to the raft of US data, with releases clustered to the Wednesday session to accommodate for Thursday's Thanksgiving holiday. Prelim October durable goods data, weekly jobless claims, new home sales and the prelim November PMI cross.
  • Final Michigan sentiment data will be watched for any markdown for inflation expectations, with the survey data now including the lower-than-expected October CPI release. FOMC minutes also cross, with sell-side analysts mostly seeing risks to the minutes as leaning hawkish.
  • In LatAm, the data highlight is Argentine economic activity at 1900GMT/1400ET.

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