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The dollar trades weaker versus most competitors on Wednesday, with the main exception of the pound which suffered in the wake of BoE King comments, saying the UK faces a further bout of inflation and a muted economic recovery. Aside from a few economic indicators – including US retail sales - headlines flow has been light and pairs were confined to narrow ranges. Meanwhile, Wall Street indexes opened higher with the S&P500 reachings its its highest intraday level since Nov. 1, 2007.
Main Headlines in Europe (in chronological order):
Swedish Central Bank leaves repo rate unchanged
EMU: Annual Industrial Production contraction slows down in December
Pound getting kicked on BOE comments
BoE sees inflation above 2% until 2016
European markets cheer US-EU bilateral trade deal negotiations