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14 Mar 2013
Session Recap: USD reverses gains
The European session was characterized for broad dollar strength after the eurozone reported disappointing employment figures as EU leaders meet yet once again. However, USD reversed gains at the beginning of the NY session, as investors cheered-up the fifth consecutive dip in US initial jobless claims.
Main Headlines in Europe (in chronological order):
Switzerland SNB Interest Rate Decision flat at 0%
Spain: Retail Sales (YoY) (Jan): -10.2% vs 11.4% (Dec)
Xi Jinping officially declared president of China
SNB keeps minimum exchange rate unchanged in March
Forex Flash: What does the EUR/USD have to offer? – UBS and Commerzbank
ECB Monthly Report: Economic activity in the Eurozone to recover in mid-2013
Greece Unemployment Rate (QoQ) rises to 26%
Eurozone: Employment down by 0.3% in Q4
Spain 30-y yield decreases to 5.43% vs 5.696% at Bond Auction
Fundamental Morning Wrap: Aussie Employment upside downunder
European leaders loosen noose on embattled EU peripheral countries
Troika suspends talks on Greek bailout until April
European markets higher as EU leaders meet
Euro: door is wide open for further decline
US: PPI rises to 0.7% as expected in February
US: Initial jobless claims drop against consensus, to 332K in Mar-10 week
US: Current Account deficit at $110.4B in Q4, Q3 data revised higher to $112.4B
American equity markets rise after upbeat jobless claims
Commodities Brief – Precious metals pare losses after US PPI, crude moves towards 93.00 barrier
Main Headlines in Europe (in chronological order):
Switzerland SNB Interest Rate Decision flat at 0%
Spain: Retail Sales (YoY) (Jan): -10.2% vs 11.4% (Dec)
Xi Jinping officially declared president of China
SNB keeps minimum exchange rate unchanged in March
Forex Flash: What does the EUR/USD have to offer? – UBS and Commerzbank
ECB Monthly Report: Economic activity in the Eurozone to recover in mid-2013
Greece Unemployment Rate (QoQ) rises to 26%
Eurozone: Employment down by 0.3% in Q4
Spain 30-y yield decreases to 5.43% vs 5.696% at Bond Auction
Fundamental Morning Wrap: Aussie Employment upside downunder
European leaders loosen noose on embattled EU peripheral countries
Troika suspends talks on Greek bailout until April
European markets higher as EU leaders meet
Euro: door is wide open for further decline
US: PPI rises to 0.7% as expected in February
US: Initial jobless claims drop against consensus, to 332K in Mar-10 week
US: Current Account deficit at $110.4B in Q4, Q3 data revised higher to $112.4B
American equity markets rise after upbeat jobless claims
Commodities Brief – Precious metals pare losses after US PPI, crude moves towards 93.00 barrier