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Mar 28, 2013
Forex Flash: Majors led by USD strength - UBS
UBS Strategists Gareth Berry and Geoffrey Yu have taken a technical look at this mornings majors and note a continuation of USD strength.
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Mar 28, 2013
Forex: EUR/GBP slides down on EMU and UK data
The EUR/GBP gave up its sideway trading ways as the London opening was nearby and the cross fell from 0.8450. Data in Europe triggered more downside, to 0.8420. There were 13K more unemployed people in Germany in March, instead of 4K less as expected. The unemployment rate remained at 6.9%. EMU money supply (YoY) eased from 3.5% to 3.1% in February, beating consensus of 3.3%. Private loans remain at -0.9%, as expected.
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