- Durable goods non-def ex-air -4.5% vs -1.3% exp
- CS 20-city US house price index -3.99% y/y vs -3.65% exp
- US consumer confidence 70.8 vs 63.0 exp
- Richmond Fed +20 vs +14 exp
- Troika says Portugal “on track”
- German inflation a bit higher than expected
- Eurogroup firewall decision postponed
- Ireland to hold referendum on new EU fiscal oversight
- EIB to get the same deal as the ECB on Greek debt
- SNB’s Jordan re-commits to peg
- ISDA to rule on Greek CDS Thursday
- Dow closes above 13,000 for first time since May 2008
- S&P 500 up 0.3% to 1372
- Gold up $18 to $1785
- Silver up 4.3% to highest since Sept.
- WTI crude down $1.80 to $106.74
- EUR leads, NZD and USD lag
EUR/USD came into the session at 1.3445 after generally tight trading in Europe. The disappointing US data and reports about the Irish referendum sank the pair to 1.3390. As quickly as the pair fell, it stormed back to session highs of 1.3469 after the London fix. EUR/USD then consolidated to 1.3445 before making a marginal push higher at day’s end.
USD/JPY lifted to 80.70 after the Ireland worries died down but then slumped back to 80.50. For most of the session, it was the good ‘ole yen — hardly moving at all in a 15-pip range.
