The December trade deficit is expected to widen to $40.5 bln from 38.3 bln in November. If it does, it will offset some of the upward revision to GDP expected from the rebound in inventories in December…
Geithner will be on CNBC shortly to outline a ‘white paper” his department has put together with options for reforming Freddie and Fannie.
EUR/USD found support ahead of 1.3500 once again this morning and is now consolidating losses.
Offers are seen on rallies to the 1.3555/60 area.