Headlines:
Dollar holds steadier so far on the sessionFrance February flash services PMI 44.5 vs 48.9 expectedGermany February flash manufacturing PMI 46.1 vs 45.5 expectedEurozone February flash services PMI 50.7 vs 51.5 expectedUK February flash services PMI 51.1 vs 50.8 expectedUK January retail sales +1.7% vs +0.3% m/m expectedFrance February business confidence 96 vs 95 priorItaly January final CPI +1.5% vs +1.5% y/y prelimRussia says no interim contact expected before Trump-Putin meetingChina says vice premier He set to have video call with US Treasury secretary BessentMarkets:
A stronger UK retail sales report did briefly keep sterling afloat, with GBP/USD seen around 1.2670 early on before easing to around 1.2640 as the dollar is holding its own. As for commodity currencies, they are lightly changed with USD/CAD up just 0.1% to 1.4190 levels ahead of the Canada retail sales data later and AUD/USD is down just a touch to 0.6385.
As we look to wrap up the week, US PMI data will be in focus alongside more headlines from Trump himself surely. So, do be on the lookout for that before the weekend comes along. Have a good one, folks!
This article was written by Justin Low at www.forexlive.com. Read More Details
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