Euro Leaps To Eight Week

Sunrise Market Commentary Fixed Income: core bonds remain near contract highs Global core bonds reversed Tuesday's losses in a rather uneventful session. Today, all attention will go to the Spanish bond auction. A weak auction two weeks ago put pressure on Spanish yields since. The 10-yr yield flirts with the psychological 6% mark. In order to avoid more tensions, failure today is not an option. Currencies Sterling leaps higher on less dovish BoE Minutes While EUR/USD trading was rather uneventful, sterling was the star performer. Helped by less dovish BoE Minutes and a stronger labour market report, sterling shot higher pushing EUR/GBP below key support and GBP/USD above 1.60. The Sunrise Headlines US Equities dropped slightly lower on Wednesday, giving back part of ...

(Reuters) - The euro started the second quarter of 2012 lower against the dollar and yen on Monday as weak European manufacturing data reflected a growing divide between the economic outlooks of the United States and the euro zone. Manufacturing strengthened in the United States and China in March. It contracted in the euro zone for the eighth straight month. Reports from the euro zone, which is teetering on the brink of recession, showed the downturn in the region's peripheral economies has spread to core countries Germany and France, according to purchasing managers' indexes (PMIs) for March. The outlook was grim as new orders fell across the region for the 10th month. The weak data should keep European Central Bank monetary policy accommodative. At the same time, the U.S. Federal ...

(Reuters) - The euro opened the second quarter of 2012 lower against the dollar and yen on Monday as weak European manufacturing data highlighted a growing split between the economic outlooks of the United States and the euro zone. Manufacturing strengthened in the United States and China in March while the euro zone contracted for the eighth straight month. Reports from the euro zone, which is teetering on the brink of recession, also showed the downturn in the region's smaller nations has spread to core countries Germany and France, according to purchasing managers' indexes (PMIs) for March. The outlook was grim as new orders fell across the region for the 10th month. The weak data should keep European Central Bank monetary policy accommodative, but at the same time the U.S. Federal ...

(Reuters) - The euro rallied across the board on Tuesday, hitting an eight-week high against the dollar on optimism that Greece is about to agree on a bailout deal that will enable it to avoid a messy default. A Greek official's statement suggested that the Greek government has completed negotiations with lenders on its 130 billion-euro rescue package, although agreeing to the painful austerity measures that come with the bailout could be a challenge. Greek political leaders had balked at the austerity plan required to receive the rescue funds. But a firm deal appears to be in the works even though Greek political leaders postponed a meeting on a bailout package until Wednesday. For Greece, failure to secure the 130 billion euro ($170 billion) rescue would mean it faces a messy debt ...