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Forex: EUR/USD intensify its decline after Sentix

The bloc currency has accelerated today’s descent after the Sentix index, which tracks the euro zone’s investor confidence, missed expectations in February, printing -3.9 vs. -3.6 forecasted. However, the index did improve from January’s -7.0, albeit still within the negative territory.

Next on tap in the euro zone would be the producer prices, expected a tad higher in January, +2.2% vs. December’s +2.1% on a yearly basis. Across the pond, Factory Orders will be the only US release today.

At the moment, EUR/USD is losing 0.45% at 1.3590 and a breakdown of 1.3574 (hourly low Feb.1) would aim for 1.3542 (low Jan.31).
On the flip side, a surpass of 1.3815 (high Nov.14) would expose 1.3833 (61.8% of 2011-2012 decline).

US regulators call for restructuring of megabanks

The scars of the 2007 financial crisis in the United States remains fresh as top U.S. bank regulators and lawmakers are advocating for action to sequester the risk that the government again winds up financing the rescue of one or more of the country’s biggest financial institutions.
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EU Dec Producer Price Index (YoY) flat at 2.1%; -0.2% (MoM)

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