Daily digest market movers: quiet Monday trading sees EUR/USD pinned as investors await key data

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  • European Central Bank (ECB) President Christine Lagarde noted on Monday that inflation continues to ease towards ECB targets, remains committed restrictive policy measures for the time being.
  • Read more: ECB President Lagarde says restrictive policy stance acts as a safeguard against wage-price spiral.
  • Germany’s Gfk Consumer Confidence Survey for March due Tuesday, expected to recover to -29.0 from -29.7.
  • US Durably Goods Orders in January are also due Tuesday, forecast to decline 4.8% versus the previous 0.0%.
  • Wednesday to hinge on US Q4 GDP, forecast to hold steady at 3.3% through the four quarters.
  • Thursday’s German Retail Sales expected to slightly recover to -1.5% for the year ended January compared to the previous period’s -1.7%.
  • German CPI for February forecast to ease to 2.7% YoY versus the previous 3.1%.
  • US Core PCE Price Index expected to print at 0.4% MoM in January versus the previous 0.2%.


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