Sterling strengthened slightly against the US dollar and Japanese yen yesterday, whilst weakening off against the commodity backed currencies as risk appetite drove the market in the early hours due to the latest news coming from Greece. It was a very quiet day for data across the globe generally yesterday as the US and much of Europe was enjoying a bank holiday. The Confederation of British Industry (CBI) survey on the relative level of current sales volume is the only data of note released form the UK today; so, call in now for the latest update and a live quote.
The euro recovered yesterday morning as market fears eased somewhat after opinion polls in Greece suggested that the pro bailout New Democracy party would win the vote on June 17th; however, the party needs to win a majority vote or form a pro-bailout coalition government otherwise it still seems likely that Greece could leave the euro. However as the day progressed concerns about Spanish debt came to the fore as yields on longer term Spanish debt increased to over 6.5%. 7% is viewed as the level at which government debt repayments become unsustainable. It will be another quiet day for data in the Eurozone today, with preliminary German inflation data the main news on the agenda; so call in now for the latest update and a live quote.
The US dollar weakened off against the majority of currencies yesterday morning as risk appetite returned to the market. The US markets were shut for the Memorial Day holiday yesterday; as a result, very little data was released. Out today, the main data on the agenda globally is the Conference Board Consumer Confidence survey which has caused volatility in the past; so, call in now for the latest news and a live quote.
Elsewhere, the commodity backed currencies performed well yesterday as risk aversion eased and risk appetite came back into the market. Japanese retails sales and household spending figures were released first thing this morning; however, very little other data is released throughout the day; so, call in now for the latest news and a live quote.
Get a live quote and/or more information from Smart Currency at: http://www.smartinternationaltrade.co.uk/
The euro recovered yesterday morning as market fears eased somewhat after opinion polls in Greece suggested that the pro bailout New Democracy party would win the vote on June 17th; however, the party needs to win a majority vote or form a pro-bailout coalition government otherwise it still seems likely that Greece could leave the euro. However as the day progressed concerns about Spanish debt came to the fore as yields on longer term Spanish debt increased to over 6.5%. 7% is viewed as the level at which government debt repayments become unsustainable. It will be another quiet day for data in the Eurozone today, with preliminary German inflation data the main news on the agenda; so call in now for the latest update and a live quote.
The US dollar weakened off against the majority of currencies yesterday morning as risk appetite returned to the market. The US markets were shut for the Memorial Day holiday yesterday; as a result, very little data was released. Out today, the main data on the agenda globally is the Conference Board Consumer Confidence survey which has caused volatility in the past; so, call in now for the latest news and a live quote.
Elsewhere, the commodity backed currencies performed well yesterday as risk aversion eased and risk appetite came back into the market. Japanese retails sales and household spending figures were released first thing this morning; however, very little other data is released throughout the day; so, call in now for the latest news and a live quote.
Get a live quote and/or more information from Smart Currency at: http://www.smartinternationaltrade.co.uk/
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