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The focus is the USD, with a renewed bout of strength into the NA open.
The USD edged higher against most currencies,
The EUR/USD hit 1.05 yesterday triggered profit-taking and
The USD is retracing into the NA open, suffering losses against all the majors.
USD continued to strengthen, with EUR down 0.4% to 1.050, and
We expect US retail sales to have increased 0.2% m/m in February after
EURUSD briefly traded below 1.05 this morning. At the same time, US yields can’t seem to break higher. The reason is strong demand, especially from non-US investors. Yesterday’s 10Y auction in the US had almost 59% allotted to indirect bidders, predominantly non-US investors. On the Euro side, we can see easily see both bunds below […]
USD generally strengthened further today, with EUR down 0.1% to 1.068,
With a thin calendar in terms of data releases main focus will
The dollar continues to strengthen and this morning hit 1.0666 against the euro.
The USD extended gains against the majority of currencies.