About forex forecast review
Euro went into the U.S. period with a $1.26 handle, after EURUSD hit a new four month- low of 1.2666. But a further fade was halted as the dollar lost some strength following weaker than expected U.S. materials from the Philly Fed on U.S. Mid-Atlantic manufacturing. However, the single currency remains exposed amidst the turmoil in Europe, with markets focused on both Greece and Spain. There is increasing forebodings of contagion to Spain and Italy from the risk of Greece exiting the euro zone. Spanish handcuffs yields surged today.
|
At last week's ECB Caucus, President Trichet issued an upbeat forecast for the EU economy and well as stating that the ECB will take up to inject |
AUD, CAD teeny-weeny changed as M&A speculation surrounded both; neither SEK nor NOK much influenced by slightly more than forecast employment data.
|
The IMF, ECB and EC hinder b withhold quarterly reviews. IMF official Poul Thomsen said he was "obviously confident" Greece would receive the next installment.
|
