Earlier today, official data showed that the German Ifo Business Climate Index dropped to 105.7, missing analysts’ expectations for a drop to 106.7. These disappointing numbers in combination with uncertainty around the Britain's future in the European Union pushed EUR/USD lower once again. Where will the pair head next?

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Earlier today, official data showed that the Japanese initial manufacturing PMI for Feb declined to 50.2, missing expectations for drop to a level of 52.0. As a result, the yen moved lower against the greenback, which pushed USD/JPY above the level of 112. But did this increase change anything in the medium-term picture?

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Earlier today, official data showed that year-on-year consumer prices rose by 1.4% last month. Additionally, core CPI (without food and energy) increased by 0.3% in Jan, beating analysts’ expectations for a 0.2% gain. Thanks to these positive numbers, the USD Index moved higher and increased above 97 once again. How the recent price action affect our six currency pairs?

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Earlier today, the U.S. Department of Labor reported that the number of initial jobless claims in the week ending February 13 decreased by 7,000 to a 12-week low of 262,000, beating analysts’ forecasts. Additionally, the Federal Reserve Bank of Philadelphia showed that its manufacturing index improved to -2.8 this month, which supported the greenback. What impact did it have on the euro, pound and yen?

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Earlier today, the euro moved lower against the U.S. dollar, which approached EUR/USD to the first important support line. Will it withstand the selling pressure in the coming days?

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