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EUR/USD lower, Greek worries still to the fore

By   || April 22, 2010 at 11:55 GMT
|| 1 comment || Add comment

EUR/USD down at 1.3345 from a North American close Wednesday up around 1.3395.  Greek worries still to the fore. Eurostat data showing Greek budget deficit  up to 13.6% of GDP in 2009 vs government’s projection of 12.7% didn’t help matters.  Neither did Eurostat expressing reservations on the quality of data reported by Greece.

Yesterday talk of stops through 1.3330 and seems that’s still the case.  Talk of buy orders 1.3300/10.

Change of pace with some US data releases on tap today.

12:30 GMT: March PPI expected +0.5% m/m, +6.0% y/y, core +0.1% m/m, +0.9% y/y

12;30 GMT: Initial jobless claims expected +450k

14:00 GMT:  March existing home sales expected 5.30 mln +5.6% m/m. Home price index expected -0.1%

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One Response to “EUR/USD lower, Greek worries still to the fore”

  1. Tajul Akbar Bin Ismail on April 22nd, 2010 12:02 GMT

    Hello Gerry, Jobless Claims and Homes Sales will be the ones I look out for … taking a break for a while :-)

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