Market Overview

ForexLive North American Wrap: At Least the Euro is Working in Finland and Luxembourg

S&P raises Finland, Luxembourg outlook to stable from negative with AAA-rating
Netherlands AAA-rating affirmed by S&P
Fed's Williams forecasts 2.5% growth this year
Fed's Lockhart expects 2-2.5% growth this year
Fmr Fed Kohn says QE purchases will continue at least through mid-year
BOC Q4 survey futures sales +16 vs +10 exp
Goldman likes tactical gold longs
Spain 10-year yields up 14 bps to 5.03%
S&P 500 down 0.1% to 1471
NZD leads, CHF lags

The euro dipped to a session low at the start of US trading, down to 1.3338. It was a slow climb higher afterwards but was unable to break 1.3400; peaking at 1.3394 then slipping back to 1.3377.

EUR/CHF was the subplot as it scorched through stops above 1.2275 to 1.2342. I has been a straight shot from 1.2125 on Friday.

Cable suffered in European but was unable to fall below 1.6030 and rebounded to 1.6078.

Gold at $1667.

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

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