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22 Feb 2013
Session Recap: Dollar strong, EUR/USD weighed by LTRO payments
The US dollar trades broadly higher on Friday, while the euro came under renewed pressure after the repayment figures of the second 3-year LTRO were lower than expected, offsetting at the same time the better-than-expected readings from the German IFO series. Meanwhile the CAD is among the worst performers, with USD/CAD at 7-month highs in the wake of disappointing economic data. Stocks opened positively after 2 days of losses.
Main Headlines in Europe (in chronological order):
Germany: GDP falls 0.6% in Q4, as expected
Germany: IFO – Business Climate up to 107.4 in February
European Commission: Eurozone recovery to pick up speed in 2013
ECB: 356 banks repaid eur 61.09 bln of second 3 year LTRO
Forex: EUR/USD in fresh lows on ECB data
Euro bears reining in the markets
European markets strong on German IFO despite EU Commission trimmed forecasts
Cable pops back up over 1.5300 . uk clearing bank cited
Canada: CPI rose 0.5% YoY in January
Canada: Retail Sales fell 2.1% in December
American equity markets open positively Friday
Main Headlines in Europe (in chronological order):
Germany: GDP falls 0.6% in Q4, as expected
Germany: IFO – Business Climate up to 107.4 in February
European Commission: Eurozone recovery to pick up speed in 2013
ECB: 356 banks repaid eur 61.09 bln of second 3 year LTRO
Forex: EUR/USD in fresh lows on ECB data
Euro bears reining in the markets
European markets strong on German IFO despite EU Commission trimmed forecasts
Cable pops back up over 1.5300 . uk clearing bank cited
Canada: CPI rose 0.5% YoY in January
Canada: Retail Sales fell 2.1% in December
American equity markets open positively Friday