Tag Archives: EUR/JPY

EUR USD (1.3145) The euro reacted to a worse-than-expected Italian manufacturing PMI (43.8) number yesterday and plunged. While the number was certainly poor, what triggered the sharp reaction in the euro was that it was perceived as a surprise.

EUR USD (1.3225) It is hard to ignore the positive tone of the recent US data – the headline ISM data was strongest in 10 months, the Fed Senior Loan Officer Survey revealed that US banks saw increased demand for lending in Q1 (although eurozone branches of these banks did not show the trend) and […]

EUR USD (1.3250) A closer look at the latest soft US GDP data reveals that although consumer spending rose 2.9 percent, the fastest pace in five quarters, it was not accompanied by a parallel growth in public spending.

EUR USD (1.3200) A two-notch S&P downgrade with a negative outlook for Spain has come as a result of the risks to the country’s budgetary performance from shrinking economic growth. This downgrade seems to support a recent wave of opinion against austerity.

EUR USD (1.3225) French presidential candidate Hollande’s suggestions for boosting growth include the issue of infrastructurerelated eurobonds, the mobilisation of existing structural funds and a financial transaction tax.

EUR USD (1.3195) The successful Dutch government bond sale managed to offset the negative sentiment that the political upheaval in Netherlands triggered in the market. Nevertheless the collapse of the Dutch government bought into forefront the challenges of trying to implement austerity programmes, not just in the periphery but in the AAA-rated core economies too.

EUR USD (1.3150) Since weeks the euro is wedged in a narrow range closer to the year-high than the year-low. This trend did not alter yesterday even though the political risk in the eurozone leapt back into the market focus.