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13 Feb 2013
Session Recap: EUR/USD lacking conviction
The dollar trades weaker versus most competitors on Wednesday, with the main exception of the pound which suffered in the wake of BoE King comments, saying the UK faces a further bout of inflation and a muted economic recovery. Aside from a few economic indicators – including US retail sales - headlines flow has been light and pairs were confined to narrow ranges. Meanwhile, Wall Street indexes opened higher with the S&P500 reachings its its highest intraday level since Nov. 1, 2007.
Main Headlines in Europe (in chronological order):
Swedish Central Bank leaves repo rate unchanged
EMU: Annual Industrial Production contraction slows down in December
Pound getting kicked on BOE comments
BoE sees inflation above 2% until 2016
European markets cheer US-EU bilateral trade deal negotiations
Lively session again. Pound Slammed
US: Retail Sales rose 0.1% MoM in January
American equity markets edge higher Wednesday
US: Business Inventories rose +0.1% in December
Main Headlines in Europe (in chronological order):
Swedish Central Bank leaves repo rate unchanged
EMU: Annual Industrial Production contraction slows down in December
Pound getting kicked on BOE comments
BoE sees inflation above 2% until 2016
European markets cheer US-EU bilateral trade deal negotiations
Lively session again. Pound Slammed
US: Retail Sales rose 0.1% MoM in January
American equity markets edge higher Wednesday
US: Business Inventories rose +0.1% in December