Dollar, Yen, and Swiss Franc emerge as the predominant winners as markets enter into US session, amidst a backdrop of mild risk-off sentiment. Nevertheless, momentum of these safe-haven currencies remains relatively tempered, holding off major range breakouts across the most traded currency pairs. Traders, particularly those focusing on Dollar, seem poised on the sidelines, awaiting tomorrow's PCE inflation data from US. This upcoming release is anticipated to shed light on whether the disinflationary trend has stalled, as indicated by the latest CPI data.
Eurozone Economic Sentiment Indicator fell from 96.1 to 95.4 in February. Employment Expectations Indicator rose from 102.3 to 102.5. Economic Uncertainty Indicator fell from 21.3 to 20.1.