- European session:
Market news
European session:
Data:
09:30 United Kingdom Claimant count February 6.9 7.0 7.2
09:30 United Kingdom Claimant Count Rate February 5.0% 5.0% 5.0%
09:30 United Kingdom ILO Unemployment Rate January 8.4% 8.4% 8.4%
09:30 United Kingdom Average Earnings, 3m/y January +2.0% +1.9% +1.4%
09:30 United Kingdom Average earnings ex bonuses, 3 m/y January +2.0% +1.9% +1.7%
10:00 Switzerland Credit Suisse ZEW Survey (Expectations) March -21.2 0.0
10:00 Eurozone Harmonized CPI February -0.8% +0.5% +0.5%
10:00 Eurozone Harmonized CPI, Y/Y (finally) February +2.6% +2.7% +2.7%
10:00 Eurozone Harmonized CPI ex EFAT, Y/Y February +1.5% +1.6% +1.5%
10:00 Eurozone Industrial production, (MoM) January -1.1% +0.8% +0.2%
10:00 Eurozone Industrial Production (YoY) January -2.0% -0.7% -1.2%
The dollar strengthened after the Federal Reserve raised its outlook for U.S. growth, reducing expectations the central bank will begin a third round of bond purchases.
The yen fell for a second day versus the dollar as the extra yield received for holding two-year Treasuries over Japanese debt increased to the most since July.
The Federal Open Market Committee said yesterday it expects “moderate economic growth” and predicted the U.S. unemployment rate “will decline gradually.” In its previous statement in January, policy makers said growth would be “modest” and unemployment “will decline only gradually.” The central bank kept its benchmark interest rate target in a range of zero to 0.25 percent, where it’s been since December 2008.
EUR/USD: the pair was limited $1,3030-$ 1,3090.
GBP/USD: the range of of european session was about 100 points.
USD/JPY: the pair showed high above Y83,60.
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