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UK: CBI Distributive Trades Survey – Realized down to 8 in February

The UK Distributive Trades Survey – Realized dropped sharply to 8 points in February, from 17 points registered the previous month, according to data released today by the Confederation of British Industry. Analysts expected the indicator to fall only one point to 16.

Forex Flash: EUR looks to receive short-term pop on Fed remarks – Westpac

In our view, “the EUR probably still bounces into and during Bernanke’s testimony later today. Bernanke is sure to push back against the hawks who have been fretting over the long term costs of Fed asset purchases. He is likely to repeat that the Fed is still well short of its goals when it comes to the US labor market as well.” notes Robert Rennie, an FX Strategist at Westpac.
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Forex: EUR/USD waits for Bernanke below 1.3200

The bloc currency continues to navigate the area below the key resistance at 1.3200 on Tuesday, ahead of the testimony of Chief B.Bernanke before the US Congress....
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