Euro goes bad to hang in to gains versus dollar and yen made earlier today. Greece's EUR 5b seven-year notes dropped on first day of trading. Yield premium broadened about 0.34% to 3.68% all over bench mark German debt. Euro is also somewhat forced by selling in EUR/GBP as well.
A weaker bias to Eurodollar short interest rate futures was aided by a Conference Board consumer confidence news report that not just caught an upward revision to the February reading but also went in stronger than was forecast for March. The headline number showed a gain of 52.5 against an expected 51.0. In addition index values inside the survey showed that consumers are growing increasingly confident about the future, while the nowadays conditions index grew to a 10-month peak. Consumers also saw outcome betterment in the labor market saying that they thought jobs were plentiful when those considering jobs were scarce turned down.
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Na
Tuesday, March 30, 2010
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