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Forex: EUR/USD easing to 1.3415/20 on French data

The shared currency has given away some pips after the mixed data from the French economy, where consumer prices came in below expectations during January and the Business Climate improved to 90 in February from 87 in the previous month.

French CPI contracted 0.6% MoM and gained 1.4% on a yearly basis, vs. estimates at -0.3% and +1.6%, respectively.

As of writing, the cross is up 0.22% at 1.3417
Next resistance levels line up at 1.3444 (MA21d) ahead of 1.3456 (high Feb.14) and then1.3472 (trend line off Feb. high)
On the flip side, a breakdown of 1.3307 (low Feb.15) would bring 1.3286 (low Jan.24) and then 1.3276 (MA55d).

Forex: USD/CHF pressured on European data

The USD/CHF eased in early Wednesday trading from just below 0.9230, but only recently dropped below the 0.9200 handle, just ahead of the release of German data. January CPI and HICP dropped to +1.7% and +1.9% (YoY) in line with consensus. January PPI rose from 1.5% to 1.7% (YoY), instead of easing to 1.2%, as data rose +0.8% on the month (consensus of +0.3%).
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Forex Flash: Kiwi in focus following Wheeler comments – UBS

The New Zealand dollar was the center of attention overnight after RBNZ Governor Wheeler appeared to talk down the currency. According to Research Analyst Gareth Berry at UBS, “It was mostly a matter of perception however the earlier 60 pip drop in the NZD/USD was the result of a handful of carefully-chosen phrases, delivered in the correct sequence, with the correct emphasis.”
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