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Very Weak US Data Takes Shine Off Greenback, Fed's Waller Awaited

USD
  • Much weaker than expected US data puts a dent in the greenback's advance in early US trade, although mostly being felt against the JPY, with USDMXN remaining close to session highs for now.
  • The Empire State Manufacturing Survey's general business index fell a massive 29 points to minus 43.7 in January, reaching its lowest point since May 2020.
  • As noted, Fed's Waller speaks on the economic outlook and Fed policy at 1600GMT/1100ET at the Brookings Institute.

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