Forex news from the European morning session 13 April 2015
News:
- Tsipras considering going to the voters again
- Fed's Williams says US still needs accommodative policy right now
- Germany's Schaeffer says Russian foreign minister Lavrov will not be joining G7 talks
- BOJ's quarterly economic report raises assessment for 3 out of 9 Japanese regions
- New Zealand's Key says new budget spending will be modest
- Option expiries 10am NY cut today 13 April
Data:
- Italian industrial output Feb mm +0.6% vs +0.5% exp
- French current account balance Feb EUR-1.8bln vs -0.2bln prev
- SNB sight deposits w-e 10 April CHF 377.96bln vs 377.4bln
- Nikkei 225 closes down -0.01% at 19,905.46
In a morning short on data and rhetoric US$ buyers have focussed their attention back on to Greece and we've seen the euro on the back foot all session
The session got off to a spritely start as the pound came in for an early slap sending GBPUSD down to 1.4566 from 1.4610 and EURGBP up to 0.7271 from 0.7245 only to see those moves reversed
It was then the euro's turn as talk returned to Grexit, fresh Greek elections and overall concerns and, along with a steady demand for the greenback still, we've seen EURUSD slide from highs of 1.0620 to 1.0521,EURGBP down to 0.7204 and EURJPY to 126.97 from 127.80
We've seen some consolidation for the last couple of hours but rallies have been limited with USDJPY also finding further gains above 120.85 hard to find but support on dips into 102.50. USDCHF has also enjoyed the ride climbing from 0.9795 to 0.9864 with EURCHF staying anchored
USDCAD has posted 1.2647 from 1.2605 but seen its rally tempered by firmer oil price scenario again while AUDUSD carried on its China data related fall to post 0.7552 just shy of the key support line again from a brief rally to 0.7615 while. NZDUSD has also remained on the back foot to 0.7422 from 0.7485
Let's see what our friends across the pond make of it all
