FOREX's second lacklustre session on Wednesday, with little in the way of 'macro' news.
The $-Index climbed +0.05% to 104.37, and has in fact been stagnating within a narrow 104/104.4 range for the past week.
The spreads are so insignificant that traders have gone on stand-by, awaiting further signs of a healthy economy and confirmation that inflation is easing, in order to continue the upward movement that has been underway since the autumn.

With this in mind, the markets will turn their attention on Friday to the US household income and spending statistics, which will be accompanied by the 'PCE' component of prices, the Fed's preferred measure of inflation.
In the meantime, the Euro is sliding gently towards $1.0815, while the Pound and Swiss Franc are down -0.2% against the Dollar.
It should be noted that the Swiss Franc is continuing the fall it began a week ago after the surprise announcement of a Swiss rate cut: it is now below $0.9050... but it has in fact been falling for 10 consecutive sessions and has reached a level of around $0.8780/$.

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