Morning Briefing

The US Dollar has stabilized following a period of high volatility driven by corporate flows, while the Swiss Franc has hit post-2015 lows against the Euro. Unexpectedly high inflation in Norway is challenging rate-cut expectations, even as global markets await US retail sales data.

Key Takeaways

• 1.The Dollar has stabilized after significant volatility driven by flows and technicals, notably Alphabet's large multi-tranche debt issuance.
• 2.EUR/CHF has reached a new post-2015 closing low, potentially putting the SNB on intervention alert.
• 3.Norway's inflation accelerated to 3.6% in January, exceeding forecasts and likely delaying rate cuts by Norges Bank.

Table of Contents

• OVERNIGHT NEWS
• CALENDAR
• MARKET REVIEW
• OUTLOOK
• APPENDIX

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