AUD/USD managed to hold onto its gains quite well last week, despite a resurgent US dollar.
The Aussie will focus on the Retail Sales data today after the trade data last night was better than expected. AUDUSD found a bid on the back of the date but has seen underperformed in the European session despite some US dollar downside.
Canadian CPI gave us the biggest upside shock last week in terms of macro data. The stunning 3% headline figure was music to the ears of CAD bulls, and comes in a week when Turkish and trade headlines have dropped away leading to a more risk on scenario.
With all the focus on the US the moves on EURGBP have gone largely unnoticed over the last few weeks.
I will use my standard opening gambit at the moment, which is that US stocks closed at record highs as a deal was found to put a stopgap funding bill in place and reopen the government until the first week of February.