- Moody’s says would downgrade France further if deterioration in economic prospects or difficulty in implementing announced reforms
- Finland’s FinMin: Finland willing to give Greece more time, not more money
- French FinMin: Hopes and wants a Eurogroup agreement on Greek debt on Tuesday
- BOJ Gov Shirakawa: Want people to respect BOJ’s independence
- Morgan Stanley says yen is ‘main short’ in FX outlook for 2013. Sees yen fall to 90.00 per dollar by Q4 2013
- RBA’s Stevens: Surprised AUD still so high given that ‘terms of trade’ peaked a year ago
- Spanish auction result
- Soros buying gold as record prices seen on stimulus - Bloomberg Businessweek
- Spain woos foreigners to thin its inventory of unsold houses - New York Times
The single currency has recovered relatively well from the Moody’s French downgrade and warnings that there could be more to come.
EUR/USD up at 1.2810 from early 1.2995, EUR/JPY up at 104.25 from around 104.10. It’s been very lacklustre fare again this morning, not helped by the proximity of todays Eurogroup deliberations.
USD/JPY effectively unchanged at 81.30 despite everyman and his dog seemingly bullish the pairing. Barrier option interest remains up at 81.75 and 82.00.
Cable touch firmer at 1.5930 from early 1.5915.
