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22 Apr 2013
Markets take a breath in a quiet day; Euro down on sovereign talks
FXstreet.com (San Francisco) - Currencies were trading mixed on Monday as investors were digesting a better than expected corporate earnings but poor economic data in the US. The Dollar Index, posted gains against its rivals hovering over 82.85/90 region from highs above 83.00.
News about the levels about the whole eurozone debt to GDP ratio above 90% and Angela Merkel's words asking European countries to be “prepared to cede sovereign" was pressuring to the downside the single currency. However, the EUR/USD remains above the 1.3000.
Main headlines in the American Session:
US: Chicago Fed National Activity index down to -0.23 in March
Forex: EUR/USD muted after US data
Merkel to Europe: Prepare to cede sovereignty
EU Consumer Confidence improves to -22.3 in Apr from -23.5 in Mar
US: Existing Home Sales fall unexpectedly by -0.6% to 4.92M in March
Forex: USD/JPY falls to test 99.00
Napolitano sworn in for second term as Italian president
Reuters: Canadian police announce arrests of suspects who planned major terrorist attacks
Forex: EUR/USD extends the correction higher
News about the levels about the whole eurozone debt to GDP ratio above 90% and Angela Merkel's words asking European countries to be “prepared to cede sovereign" was pressuring to the downside the single currency. However, the EUR/USD remains above the 1.3000.
Main headlines in the American Session:
US: Chicago Fed National Activity index down to -0.23 in March
Forex: EUR/USD muted after US data
Merkel to Europe: Prepare to cede sovereignty
EU Consumer Confidence improves to -22.3 in Apr from -23.5 in Mar
US: Existing Home Sales fall unexpectedly by -0.6% to 4.92M in March
Forex: USD/JPY falls to test 99.00
Napolitano sworn in for second term as Italian president
Reuters: Canadian police announce arrests of suspects who planned major terrorist attacks
Forex: EUR/USD extends the correction higher