fxstreet.com 18 Feb, 2021 06:45 am

Equity win streak comes to an end amid focus on rising yields

Equity win streak comes to an end amid focus on rising yields
Focus in the ECB minutes today will be on any discussion regarding rate cuts and strength of the euro. February euro consumer confidence is also relea

US macro: Yesterday delivered a range of better-than-expected US data with most notably January retail sales significantly beating all analyst expectations.The slight retracement did not appear to have a specific driver as even the US retail sales were stronger than expected.strongYesterday's stronger-than-anticipated US retail sales revealed once again that USD has become increasingly cyclical with positive US macro surprises now being positive for USD.Meanwhile, there were no major surprises in yesterday's FOMC minutes from the meeting in January.

The FOMC minutes did not contain any surprises.In Scandinavia, focus turns to inflation data in Sweden and the annual address of Norges Bank governor Olsen in Norwa y, see below.

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