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Forex Flash: Industrial production and consumer confidence as focus in US – TD Securities

The quiet trading week is ending busy with the January edition of US industrial production and the first print of the University of Michigan consumer confidence series for February standing as the highlights: "For industrial production, we are above the market (+0.2%) in expecting that higher utilities output will contribute to a 0.4% advance", wrote analyst Alvin Pontoh, expecting modest improvement in consumer confidence, with the index increasing to 76.0 from 73.8 (market: 74.8).

Forex: EUR/USD easing to 1.3345/50 after Spanish data

The bloc currency is giving away some ground towards the area around 1.3340/45 after the Spanish inflation figures in January rose above expectations 2.7% on a yearly basis and contracted 1.3% MoM. Previous estimates...
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Forex: NZD/USD stabilizes above 0.8500 level

The kiwi received a huge boost overnight after New Zealand reported some upbeat Retails sales data, effectively driving the NZD/USD to 2.5 year highs at the 0.8530 region. As of European trading Friday, the pair has eased off that price however, though it is still clinging to positive territory in the area of 0.8512/15.
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