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30 Apr 2013
Forex Flash: Majors claw back against USD - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that major currencies clawed higher against the USD on Monday while better investor sentiment saw the antipodeans improving across the board and the JPY trailing across G10 space.
Specifically, he notes that EUR continued to benefit from the formation of the new coalition government in Italy over the weekend despite the stream of somewhat disappointing EZ confidence indicators. Looking ahead, he is expecting the data calendar to begin to heat up from today with the attendant headline risks to provide further short term guidance with the Fed beginning its two-day FOMC tonight.
Specifically, he notes that EUR continued to benefit from the formation of the new coalition government in Italy over the weekend despite the stream of somewhat disappointing EZ confidence indicators. Looking ahead, he is expecting the data calendar to begin to heat up from today with the attendant headline risks to provide further short term guidance with the Fed beginning its two-day FOMC tonight.