Thursday, 12 April 2012

Sterling had a mixed day as the FTSE recovered from its 2012 lows yesterday, strengthening against the US dollar and the euro. There is very little data out of the UK today except trade balance figures which will show the difference in value between imported and exported goods during the last month; so, call in now for a live quote and the latest update.

The euro was fairly volatile yesterday as speculation about Spain's debt was at the forefront of traders’ minds. However, the Italian bond auction was well received yesterday which saw Italian bond yields retrace from their historic highs; furthermore, rumors started to circulate that the European Central Bank may start to buy Spanish bonds once more which calmed the global markets. With very little data out of Europe today, the focus will remain on the developments in Spain and the upcoming in elections in Greece and France; so call now for a live update and a live quote.

The US dollar was generally weak yesterday as risk appetite returned to the market once more. On the data front, the Beige book revealed that the economy grew in all 12 of its regions at a ‘modest to moderate ‘rate. More unemployment data is released today alongside the monthly producer price index (PPI) and trade balance figures which will go some way to show the state of the world’s largest economy so call in now for a live quote and the latest update.

Elsewhere, the Australian dollar and New Zealand dollar performed fairly well yesterday as risk appetite returned to the market. This morning saw the release of labour data from Australia and later on today trade balance data from Canada will be released. Call in now for the latest update and the latest news.

Get a live quote and/or more information from Smart Currency at: http://www.smartinternationaltrade.co.uk/

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