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Dollar index trades on the front foot in......>

FOREX
FOREX: Dollar index trades on the front foot in early Europe, pressing EUR/USD
and GBP/USD to the lower levels of the session so far. Volumes and price action
are likely to be limited given the importance of US CPI later today.
On the release, MNI Analysts write: The CPI is expected to rise by 0.2% in
February following an outsized 0.5% rise in January. Analysts expect energy
prices to decline after January's 3.0% rebound. AAA reported another slight
increase in mid-month prices from January to February, but could see a modest
decline after seasonal adjustment. Deutsche Bank also highlight that USD/JPY has
fallen following US CPI for the last 13 consecutive releases.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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