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Greenback Trades Firmer Ahead In Aftermath Of CPI, US Retail Sales Due

EMERGING MARKETS
  • Recent euro-zone inflation data are encouraging, but the European Central Bank must remain cautious and monitor other economic developments, according to Governing Council member Pablo Hernandez de Cos.
  • China has warned that it will retaliate against the US over violations of its sovereignty, potentially escalating a lingering dispute just as both nations’ foreign ministers plan to attend a security conference in Germany.
  • Japan's Kyodo News has confirmed that according to the Japanese presidency of the group, the finance ministers and central bank governors of the G7 nations will hold talks on the sidelines of the G20 finance ministers and central bank governors meeting in Bangalore, India on 23 February.
  • Focus for the session ahead turns to US retail sales and empire manufacturing releases, both of which are expected to improve from the prior month. The USD index trades around 0.3% firmer on the day.

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