- European session: the euro fell
Market news
European session: the euro fell
Data:
08:00 United Kingdom Halifax house price index February +0.6% +0.1% -0.5%
08:00 United Kingdom Halifax house price index 3m Y/Y February -1.8% -1.9%
10:00 Eurozone GDP (QoQ) (revised) IV quarter +0.2% -0.3% -0.3%
10:00 Eurozone GDP (YoY) (revised) IV quarter +0.7% +0.7%
The euro declined as the IIF's report that an uncontrolled Greek default would cost the euro zone EUR 1 trln.
The common currency dropped as investors debated whether to accept the conditions of a Greek bond swap under its private-sector involvement plan.
The yen and dollar strengthened against higher-yielding currencies as stocks fell around the world, spurring demand for safer assets.
EUR/USD: the pair decreased, showed session low in $1,3130 area.
GBP/USD: the rate showed low in $1,5760 area then rose in $1,5780 area.
USD/JPY: the pair showed low in Y81.80 area, but restored slightly above Y81.00 later.
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