Spurring The Appeal For Higher

It is indeed a lucky day for risk seekers amid improved sentiments throughout the financial markets, where the euro gained alongside other higher-yielding currencies and the dollar depreciated, particularly on optimsim over Greece and its second resuce package with bets the world's largest economy is on track of recovery. In fact, risk appeal was triggered after a German newspapaer reported that European Central bank is swapping 50 billion euros of Greek government bond holdings for new Greek securities, fueled specualtions Greece will scoop up its second bailout. Today, the Greek Government expressed optimism as well that a new debt deal could be wrapped up at Eurogroup meeting on Feb 20. Jobless claims in the U.S unexpectedly fell 13 thousand last week to 348 thousand, an four-year low ...

The Greenback was supported by an unexpected drop in jobless claims last, but pared its gain against most of its peer amid mixed sentiments, after stocks gained this morning and treasuries, spurring the appeal for higher-yielding assets. The U.S Department of Labor reported today that applications for unemployment insurances dropped by 12 thousand to 367 thousand in the week ended January 28, beating median forecast of 371 thousand and adding to signs the labor market is strengthening. The euro depreciated as Greece continue to struggle to reach an agreement with its creditors on trimming the nation's debt burden, fueling more concerns that Europe's debt crisis is falling into a deeper rabbit-hole. Greek debt-swap talks are yet to resume this week. Meanwhile, the dollar fell against its ...