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For Asia, the main focus lies with China’s Q4 GDP and data due on Friday.
The present week had been one of moderation with the US dollar pulling back following the President-elect's first press conference post-elections. Major and Asian currencies had gained against the US dollar, although the GBP/USD had been an exception as fears of a hard Brexit rose to the forefront.
Ten days ahead of the inauguration, the market had high hopes of gaining insights into the new administration's policies and plans. The lack of which, however, saw the market dumping US dollar and equities alike. The US indices, DJIA and S&P 500, declined into the latter half of the week, though the earning reports from four major banks has yet to be released as we pen this.
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