The Euro (EUR) the EUR/USD held up better than most able to close near opening levels on the back of the widening FED/ECB divide on inflation. EUR/GBP surged above 0.8700 but EUR/JPY did end up falling with the USD/JPY slump. Overall the EUR/USD traded with a low of 1.3854 and a high of 1.4015 before closing the day around 1.3980 in the New York session. Looking ahead, February CPI forecast at 0.4% vs. -0.7% previously.
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