- European session:
Market news
European session:
Data:
06:45 Switzerland Unemployment Rate February 3.1% 3.1% 3.1%
08:00 Switzerland Foreign Currency Reserves February 227.2 224.9
11:00 Germany Factory Orders s.a. (MoM) January +1.6% +0.6% -2.7%
11:00 Germany Factory Orders n.s.a. (YoY) January -0.1% -1.7% -2.1%
The euro consolidated against the dollar on bets private investors will accept terms of a Greek bond exchange needed for the nation to receive a second rescue package.
The common currency gained against the dollar amid speculation that option traders were looking to prevent the currency pair from slipping below a key level.
EUR/USD: during european session movement of pair was limited $1,3100-$ 1,3160.
GBP/USD: during european session movement of pair was limited $1,5700-$ 1,5760.
USD/JPY: during european session movement of pair was limited Y80.60-Y80.95.
The weekly EIA weekly crude oil and gasoline stocks data follows at 1530GMT. Late US data sees the 2000GMT release of Treasury Allotments By Class and consumer credit
usage, which is forecast to rise $10.8 billion in January after significant increases in the previous two months that were due in large part to spikes in nonrevolving credit use. Retail sales rose 0.4% in January, while sales were up 0.7% excluding motor vehicle sales.
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