The FX Files – Groundhog Memes are Coming

Into the start: Euro-area rates are weaker following the release of January inflation data this morning. In FX, the EUR and EUR-betas (like the SEK) are outperforming. The RUB is also up over 1% despite the comments yesterday from Russian President Putin yday. Energy prices remain elevated while North American equity futures are humming into the open. Other than that? It’s Groundhog Day. One of the more inexplicable days on the calendar – that was somehow made into a decent Bill Murray movie. If you’re into this sort of thing – I’ve heard Punxsutawney Phil is the least accurate.