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[FOCUS COMMENT: EUR STRENGTH NOT A PROBLEM FOR THE ECB] While European politicians seem to be concerned at the continued rally in the single currency, as seen by comments from France’s Hollande and Moscovici this week, the ECB are still...
A bad day for the [EUR] means that it has been a good day for the [USD] index. While the weekly jobless claims report, down at 370k, shows that the US economy, jobs wise at least, is back on track after Superstorm Sandy, it is the surprising...
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[EUROPEAN FX CLOSE] Sentiment was supported today on (overall) slightly better than f/c EMU PMIs, while comments from Fitch (won’t take action on Spain’s rating before next year), words from the Spanish Econ Min (analysing ECB’s...
A soft US pending home sales outcome had certainly been the risk as July’s seasonal strength gets corrected, and no major reaction is thus expected in [EUR/USD]. Nonetheless, bar the initial claims pleaser, US data has been soft today,...
