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  • North American Edition2015-03-04 11:34 UTC

    EUR-USD dove to fresh five-week lows on general euro selling amid a cornucopia of bearish fodder. Sub-forecast services PMI data out of the Eurozone saw the pair extend to the low-so-far at 1.1115, though the euro had been under pressure ahead of the data (above forecast Eurozone retail sales data were overlooked). Reports that the region of Carinthia in Austria is facing probable bankruptcy seemed to provide an excuse for interbank traders to gun for ... Read More 

  • European Edition2015-03-04 06:58 UTC

    EUR-USD traded moderately lower during the Asian session amid a broadly firm tone in the dollar. The low was 1.1164, with yesterday's five-week low at 1.1154 untested at the time of writing. The talk in the interbank market is that the dollar will likely remain bid into Friday's U.S. jobs report, while Greek payment due dates this month may re-direct focus to Athens with issues about loan conditions remaining unresolved. The dollar's yield advantage ... Read More 

  • Asian Edition2015-03-03 19:37 UTC

    The dollar turned lower in N.Y. trade on Tuesday, but first managed to make fresh highs against the euro in early dealings. EUR-USD touched 1.1155 lows before moving up to 1.1217 highs into the London close. Some short covering ahead of the ECB meeting can be expected, though Tuesday's "risk-off" conditions weighed on the dollar overall. USD-JPY meanwhile, stayed away from the 120.00 level, dipping under 119.40 by mid-morning. The 120 level has been a ... Read More 

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