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20 Feb 2013
Session Recap: Pound tumbles on dovish BoE vote, Euro follows
The dollar trades higher versus most competitors, with sterling losses leading the way on an unexpectedly dovish BoE vote. However, the greenback lost some of its shine after the latest string of US data boosted risk appetite among investors. Still, Wall Street indexes opened nearly flat and commodity currencies remain under pressure. Looking ahead, the minutes of the last FOMC minutes will be published at 19:00GMT although there shouldn’t be anything surprising in there after the statement came in fully as expected.
Main Headlines in Europe (in chronological order):
Japanese PM Abe- says he will consider BOJ candidates after his US trip
BOJ’s Morimoto says they will carefully scrutunize asset purchases at each meetng to establish effect
Germany: Annual CPI at 1.7% in January
Euro dips as French budget minister says 3% deficit goal will be ” extraordinarily difficult”
UK: Claimant Count Change decreases more than expected in January
BoE Minutes: MPC voted 6-3 to keep stimulus steady
Forex: GBP/USD plunges on BoE meeting minutes
German Chancellor Merkel – ” we only have limited means to stimulate domestic economy”…
More Merkel – ” EURUSD at 1.30-1.40 is normal range”
Germany 10-y Bond Auction increase to 1.66% vs 1.56%
Euro supported by German fundamentals
European markets mixed on Wednesday, UK equities rise on BoE minutes
US: PPI rose 0.2% MoM in January
US: Building Permits rose by 925K in January
Commodities Brief – Precious metals retreat to summer levels ahead of FOMC
Main Headlines in Europe (in chronological order):
Japanese PM Abe- says he will consider BOJ candidates after his US trip
BOJ’s Morimoto says they will carefully scrutunize asset purchases at each meetng to establish effect
Germany: Annual CPI at 1.7% in January
Euro dips as French budget minister says 3% deficit goal will be ” extraordinarily difficult”
UK: Claimant Count Change decreases more than expected in January
BoE Minutes: MPC voted 6-3 to keep stimulus steady
Forex: GBP/USD plunges on BoE meeting minutes
German Chancellor Merkel – ” we only have limited means to stimulate domestic economy”…
More Merkel – ” EURUSD at 1.30-1.40 is normal range”
Germany 10-y Bond Auction increase to 1.66% vs 1.56%
Euro supported by German fundamentals
European markets mixed on Wednesday, UK equities rise on BoE minutes
US: PPI rose 0.2% MoM in January
US: Building Permits rose by 925K in January
Commodities Brief – Precious metals retreat to summer levels ahead of FOMC