Euro hits highest since March 15
US job openings hit post-crisis high
Canadian housing starts 184K vs 175K exp
UK NIESR Q1 GDP estimate +0.1%
US wholesales inventories soft, GDP forecasts lowered
ECB's Asmussen: more downside risks in H2 than one or two months ago
Big EU countries strike tax evasion agreement
Fed's Bullard doesn't want to overemphasize the unemployment rate
Fed's Lacker calls for new efforts to end too-big-to-fail
George Soros: Germany headed for recession
AUD breaks 1.05 for first time since January
UBS and Deutsche Bank cut gold forecasts
Gold priced in yen hits 32-year high
S&P 500 touches highest since 2007
S&P 500 up 0.35% to 1569
NZD and AUD leads, USD lags
The euro touched over 1.3100 but it quickly ran into a wave of offers ahead of the 38.2% retracement of the decline since February (at 1.3118). Big offers are sitting at the highs and after 5 consecutive days of euro gains, the shorts are getting antsy.
USDJPY struggled at the European high at 99.25 and shorts took that as a cue to pile in, sending the pair quickly down to 98.60. The decline only lasted moments -- showing that USDJPY longs are ready and willing. The pair later climbed to 99.34 but has slipped back to 99.00 after stocks lost some momentum into the close.
AUDUSD broke 1.0500 but big offers up to 1.0520 quickly stiffed the rally and the pair is down to 1.0485.
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