Loading...
Loading...
US initial jobless claims 359K vs 350K exp
Previous claims report revised to +364K from 348K
US Q4 GDP unrevised at +3.0% annualized
KC Fed +9 vs +13 exp
Bank of Portugal sees 3.4% GDP this year versus 3.1% in previous forecast
Portugal fin min says will meet 4.5% deficit target
Italian yields hit 1-month highs
Russia says Iran violating sanctions but attack risks crisis
Japan MOF cautions on yen risk
ECB's Knot: Portugal may need more aid
Senate panel confirms Fed nominees Powell and Stein
Ireland issues debt to pay for bank promissory notes
ECB's Bonicci "not at all encouraged" by recovery
Plosser sees 3% growth this year and next
Plosser no Fed discussion about sterilized QE
Bernanke sees reasonable chance US could return to 3% growth in long term
Schaeuble: no one will be forced to leave euro
Schaeuble: firewall around 800 billion euros
White House says release oil reserves "on the table"
Buy the US dollar in the morning, sell it in the afternoon was the theme once again in US trading. EUR/USD was on the defensive in the early going, touching 1.3251 and sticking to the lows until Europe closed and it was all up from there, edging to 1.3295.
The same applied in yen trading, except the trend was even more dramatic. USD/JPY tripped stops below 82.00, touching 81.89 in the first hour of US trading but dip buyers were plentiful and the pair goes out near 82.50.
Rumored M&A interest underpinned cable throughout the day. The US low of 1.5867 was re-tested at the London fix but it was all gains from there, to 1.5945.
AUD/USD hit a six week low of 1.0304 but buying interest at the 1.03 psychological level and a better risk profile has led to a rebound to 1.0378.
Loading...
Loading...
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: Markets
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in