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      Forex: EUR/USD retraced to 1.3465/70 after US data

      The single currency left the area above 1.3500 and is heading towards 1.3465/70 after US retail sales were above expectations. In fact, sales rose 0.1% on a monthly basis during January and expanded 0.2% stripping the automobile sector.

      Next on tap in the US docket will be the Business Inventories during December, expected at +0.3%.

      As of writing, the cross is up 0.10% at 1.3468 and a surpass of the psychological level at 1.3500 would open the way to 1.3577 (high Feb.7) and then 1.3598 (high Feb.5).
      On the flip side, support levels line up at 1.3364 (low Feb.12) followed by 1.3325 (low Feb.11) and 1.3300 (psychological level).

      US: Import Price Index rose 0.6% MoM in January

      The Commerce Department has informed that US import prices contracted 1.3% on a year to January and rose 0.6% on a monthly basis...
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      Forex: AUD/USD steady after US data

      After being rejected from the 1.0360 area, the Australian dollar slid toward the 1.0315 zone before settling within a range versus the greenback.
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