• The USD is trading mixed ahead of today's US nonfarm payrolls release as investors expect the report to confirm improvement in the US labor market, Fed's Bullard says jobs need to improve for stimulus exit, CAD pressured by report that Canada unexpectedly lost jobs last month, GBP trades higher in reaction to a report that UK factory producer prices rose in December, EU GDP unchanged unemployment rose to 10% in November, Japanese officials tone down calls for a weak JPY
• Focus turns to today's release of US and Canada's unemployment and US consumer confidence
• Canada's employment fell by 2600 and the unemployment rate was unchanged at 8.5% in December
• Japan's new finance minister says FX stability is desirable, PM Hatoyama says government should not comment on FX and it is desirable for FX rates to move in a stable manner, Japan's November leading index rose by 1.8%, JPY higher
• Australia's December construction activity index rose by 1.7 to 49.3, AUD lower
• EU Q3 GDP unchanged at 0.4%, German industry output rose by 0.7%, EUR mixed
• UK December output prices rose by 0.5% input prices rose by 0.1%, GBP higher
• China's commerce minister says there may be flexibility in Yuan if the USD continues to appreciate
• US equity markets set to open higher, European equities mixed, Nikkei closed 117 points higher

Upcoming Events

• US - Friday, December unemployment will be released expected at 10.1% compared to 10% last month along with non farm payrolls expected -8k compared to -11k last month and November consumer credit expected at -5bln compared to -3.51bln last month
• CAN - Friday, December unemployment expected unchanged at 8.5% and employment growth expected at 20k compare to 79k last month, (already released)

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