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Ekonomické zprávy
18.02.2022

European session review: USD trades flat as Russia-Ukraine tensions remains in focus

TimeCountryEventPeriodPrevious valueForecastActual
07:00United KingdomRetail Sales (YoY) January-1.7%8.7%9.1%
07:00United KingdomRetail Sales (MoM)January-4%1%1.9%
07:30SwitzerlandIndustrial Production (YoY)Quarter IV8.5% 7.3%
07:45FranceCPI, y/yJanuary2.8%2.9%2.9%
07:45FranceCPI, m/mJanuary0.2%0.3%0.3%
09:00EurozoneCurrent account, unadjusted, bln December25.85 35.65
10:00EurozoneConstruction Output, y/yDecember0.4% -3.9%


USD traded mixed and little changed against other major currencies in the European session on Friday, as investors weighted reports about talks between top Russian and U.S. officials, which renewed hopes for normalizing of Russia-Ukraine tensions.

The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, edged up 0.04% to 95.84.

Media reported, citing the Russian Defense Ministry, that Russia's defence minister Sergei Shoigu will hold a phone conversation with the U.S. defence secretary Lloyd Austin later this day at the request of the U.S. side. In addition, the U.S. Secretary of State Antony Blinken and Russia’s foreign minister Sergei Lavrov agreed to meet next week.

The reports about U.S.-Russia talks give hope that diplomatic channels remain open and the Russia-Ukraine crisis could be resolved peacefully.

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