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Trump Commits to Peaceful Transition, USD Tepid Bounce

FOREX

With the challenges to certifying Biden's Presidency defeated in Congress, Trump issued a statement confirming there will be a peaceful transition of power to a Biden White House on January 20th, which looks to put an end to yesterday's civil unrest in the US capital.

Markets were largely unreactive to the final confirmation of Biden's victory and equities are broadly mixed. The e-mini S&P holds close to yesterday's highs, with a test of the record levels printed Wednesday at 3774.75 on the cards.

In currency space, the USD is modestly stronger, with GBP also trading well. JPY is on the backfoot after a Japanese MoF official reaffirmed that the government and central bank would work together "as needed".

Weekly US jobless claims data crosses later today, as well as the services ISM and November trade balance. A number of Fed speakers are due, with Harker, Barkin, Bullard, Evans and Daly all on the docket.

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