EU to set out plans to lessen its reliance on the USD

Media reports on moves from the European Union to lay out plans to limit its reliance on the USD

Citing a draft policy paper from the European Commission that will be adopted on January 19.
The paper points to the EU’s vulnerability to US sanctions and to financial risks. Measures proposed include
  • tighter controls on foreign takeovers
  • boosting the use of the EUR in financial markets.
Media reports on moves from the European Union to lay out plans to limit its reliance on the USD

Reminder: Monday is a holiday in the US

Markets closed on Monday

Monday is Martin Luther King Jr Day in the US, making it a market holiday. US equity and bond markets are fully closed.
Of course, the FX market never closes for holidays but liquidity will be considerably constrained. Canadian markets are open but the economic calendar is light, with only December housing starts.
On the weekend, we get Chinese Q4 GDP, industrial production and retail sales.