Portugal Global Trade Balance down to €-7.798B in December from previous €-7.543B

USD/CAD: Labour data soft but CAD supported – TD Securities

TD Securities’ Global Strategy Team assesses Canada’s January Labour Force Survey as a modest unwind of prior strength, with employment falling but unemployment also declining on weaker supply.
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ECB: Policy on hold as risks stay balanced – Deutsche Bank

Deutsche Bank economists Michael Kirker, Maria Contreras and Kuhumita Bhattacharya say the ECB kept rates at 2% and maintained a balanced risk assessment, despite some hawkish nuances. They highlight domestic resilience, anchored inflation expectations and a data-dependent stance.
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