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Italy Producer Price Index (YoY) dipped from previous -1.4% to -1.6% in January

Italy Producer Price Index (YoY) dipped from previous -1.4% to -1.6% in January
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EUR/USD: Support holds as Oil shock reprices rates – ING

ING’s Chris Turner reports that EUR/USD held the 1.1500 level despite pressure, with options markets not positioning for a major downside break. He notes that the energy shock has driven a stronger repricing of Euro and Pound rates than US rates, potentially narrowing EUR:USD swap differentials.
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