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Forex pairs in this Article » EUR/USD, GBP/USD
FXStreet (Guatemala) - Sean Callow, analyst at Westpac Banking Corporation ABN noted that the rest of Asia's data calendar is second tier ahead of a busier US session.

Key Quotes:

“The minutes from the Bank of England MPC’s Feb meeting pose some event risk for GBP, despite the release of the quarterly inflation report last week which sparked a steep sterling rally”.

“The US calendar is busy. On the data front, we will see Jan housing starts and building permits. Consensus of -4.9% and -1.6% allows for some weather-related weakness but risks are probably to the weak side once again”.

“The Jan PPI is the first of a revamped, broader series, but it still shouldn’t really move USD”.

“The minutes from the FOMC’s 28-29 Jan meeting are also due, which could play slightly USD-positive, given the Fed’s optimistic tone on growth”.
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