US-EU trade talks one to watch later in the dayChina says willing to work with US to resolve trade concerns through dialogueECB's Schnabel: We are getting closer to a point where we pause or halt cutsECB's Panetta: Signs of weakness in Eurozone economy are more persistent than anticipatedBOJ's Takata: We have no preset idea on timing, level of future rate hikesBOJ's Takata: Long-term interest rates moving in line with state of Japan's economyUK January CPI +3.0% vs +2.8% y/y expectedEurozone December current account balance €50.5 billion vs €34.6 billion priorUS MBA mortgage applications w.e. 14 February -6.6% vs +2.3% prior
NZD leads, GBP lags on the dayEuropean equities lower; S&P 500 futures down 0.1%US 10-year yields up 2.2 bps to 4.565%Gold flat at $2,935.83WTI crude up 0.9% to $72.48Bitcoin up 1.3% to $96,300
It was a mixed session as markets are taking a bit of a breather this week from all the turbulence since Trump's inauguration.
EUR/USD is down 0.2% to 1.0428 with GBP/USD down 0.2% as well to 1.2583. The latter touched a high of 1.2640 during the session after the hotter UK CPI report. However, that has some caveats with a rebound in airfare prices and the introduction of VAT on private school fees skewing the readings. The monthly figures hinted at the opposite, reflecting negative readings in January. So, there's that.
In other markets, European stocks are pushed down as the winning streak since the start of the year looks to be challenged. ECB policymaker Schnabel's comments about perhaps debating to pause rate cuts is something to note.
As for US futures, things are calmer as they are keeping relatively flat as we await the Wall Street open. Coming up later in the day, there will be US-EU trade talks to watch out for as well.
This article was written by Justin Low at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( ForexLive European FX news wrap: Dollar holds steady, UK inflation ticks up )
Also on site :