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%
