**As seen in the Macro Walk Report 10/01/21 cablefxm.co.uk/reports
The spread between Eurozone and U.S. CESIs continues to dip lower this week, the differential reached -36, not seen since early Q4 of last year
EUR spot posted losses last week, trading below 1.16 to the USD. If macroeconomic releases continue to worsen in the eurozone and out performance is seen in the U.S. could push tapering expectations for the ECB further.
Spread between UK and U.S. CESI saw some consolidation and jumped from -43 to -7 this week
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