Daily Market Report 17/02/2014

USD
 
The
dollar declined for a second week, touching its lowest level in almost a month.
Main reasons for this were down to weaker than expected U.S. economic
data.  U.S. factory production unexpectedly declined in January by the most since May
2009 with recent severe weather weighing on production.

Retail
sales in the U.S.
also fell by 0.4% in January after a revised 0.1% drop the prior month.
 
This

USD
 
The
dollar declined for a second week, touching its lowest level in almost a month.
Main reasons for this were down to weaker than expected U.S. economic
data.  U.S. factory production unexpectedly declined in January by the most since May
2009 with recent severe weather weighing on production.

Retail
sales in the U.S.
also fell by 0.4% in January after a revised 0.1% drop the prior month.
 
This
morning the US dollar fell against most of its major counterparts as traders
weighed whether weaker U.S. economic data will spur the Federal Reserve to
consider a slower pace in tapering stimulus.

GBP

The
pound climbed to a more than four-year high versus the US dollar due to better
than anticipated data overnight. Rightmove Plc said asking prices for U.K homes rose 3.3% this month just from
January; the most since October 2012.

EUR
 
The
euro fell versus most major peers due to speculation that the European Central
Bank will consider negative deposit rates.
 
Key
Announcements:

 
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