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USD is mixed in G10 ahead of inflation

FOREX
  • A steady trading session for FX during our morning European session.
  • Market participants have mainly been on the side line, something that is noticed across most assets.
  • USD pared some of its overnight weakness, albeit close to flat against CHF, AUD, EUR, GBP, JPY.
  • On either side of the spectrum, the Dollar is up 0.14% against the SEK and down 0.57% versus the NOK.
  • ALL EYES are on the US CPI, but Mr Powell will still want to see a second release in February for the January reading, ahead of the first expected hike in March.
  • Today will nonetheless give the market its first clue on how gradual or aggressive to Fed will be in their tightening cycle.
  • Besides the US Inflation, speakers include, BoE Cunliffe, Fed Kashkari and BoJ Kuroda.
  • US also release their Beige Book
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