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th quarter were in focus. In January, household spending slid by 7.3% month-on-month, reversing a modest 0.9% rise from December. Year-on-year, spending fell by 6.1%, which was worse than a forecasted 2.1% decline. In December, spending had fallen by 0.6%. Spending on clothing & footwear slumped by 28.8%, with spending on culture & recreation tumbling by 20.3%. There were also declines in spending on food (-2.2%), housing (-5.5%), medical care (-5.9%), and transportation & communication (-3.5%). Spending on furniture & household utensils jumped by 17.3%, however, with spending on fuel, light,...

Following impressive trade figures from China on the weekend, economic data from Germany will be in focus later today. There are no stats from the U.S to influence.

The economic calendar is on the quieter side today. Business sentiment figures from Germany will provide the EUR with direction, however.

More rain to finish the workweek, but sunshine returning Cloudy and chilly for our Friday, but sunshine is making a comeback Share Updated: 7:53 AM EST Feb 19, 2021 Cloudy and chilly for our Friday, but sunshine is making a comeback Share Updated: 7:53 AM EST Feb 19, 2021 Hide Transcript Show Transcript NOW, HERE'S YOUR STORM TRACKER RADAR... FRIDAY SHOWERS, MAINLY BEFORE 5PM. PATCHY FOG BEFORE 9AM. HIGH NEAR 51. NORTHWEST WIND 7 TO 9 MPH. CHANCE OF PRECIPITATION IS 80%. NEW PRECIPITATION AMOUNTS BETWEEN A QUARTER AND HALF OF AN INCH POSSIBLE. FRIDAY NIGHT MOSTLY ...

The Kiwi got an early boost with focus shifting to economic data from the UK. Stats from the Eurozone and the U.S will also draw interest, however.