Dollar on the march as EUR, GBP dogged by.....>

FOREX: Dollar on the march as EUR, GBP dogged by growth fears

-USD was comfortably the best performer in G10 Monday, as markets shied away

from FX tied to slowing economies: GBP was particularly weak as Q4 GDP missed

expectations with the accompanying industrial and manufacturing production

numbers painting a bleak picture. Further woes stemming from Spanish political

instability pulled the rug from under the EUR, prompting EUR/USD bears to set

sight on 2018 lows of $1.1216. The USD strength was felt far and wide, lifting

USD/JPY through strong resistance above the Y110 handle, allowing the pair to

trade north of the Y110.36 50-dma for the first time since early December.

-NOK was the poorest performer in G10, however, as inflation numbers came up

short: January CPI fell 0.5% m/m and slowed to 3.1% y/y, calling into question

the Norges Bank's signalling for a March rate hike. NOK/SEK corrected back below

the 1.0670 100-dma on the news.

-Speeches from BoE's Carney and Fed's Powell are the highlights Tuesday, as well

as ECB's Lane, who was formally nominated to take the ECB Chief Econ role.

Datapoints from Europe and the US are few and far between.