Headlines:
Euro in search of a breakout on German election resultsGermany's SPD says it is unclear if they will be part of the future governmentGold Technical Analysis – Awaiting new catalystsWeekly update on interest rate expectationsECB's Wunsch warns of risk of "sleepwalking" into too many rate cutsGermany February Ifo business climate index 85.2 vs 85.8 expectedEurozone January final CPI +2.5% vs +2.5% y/y prelimSNB total sight deposits w.e. 21 February CHF 438.1 bn vs CHF 432.5 bn priorXi says China happy to see Russia, relevant parties make positive efforts on UkraineMarkets:
Besides that, the dollar is keeping little changed and fairly mixed across the board. USD/JPY is up 0.3% to 149.75 but the greenback is down just a touch against the commodity currencies. USD/CAD is down 0.1% to 1.4210 and AUD/USD up 0.1% to 0.6365 on the day. There wasn't much catalyst in terms of headlines to really stir things up here.
We'll have bigger fish to fry during the course of the week but for now, it's a slower start to proceedings. The euro was supposed to be a potential standout but it has lost much of its early allure already. Looking to the days ahead, don't forget about month-end flows being a factor as well.
This article was written by Justin Low at www.forexlive.com. Read More Details
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