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reuters.com

* Italy election aftermath, U.S. spending cuts weigh on sentiment
* China manufacturing data slightly worse than some expected
* Yen remains pressured as BOJ gears up for deflation fight

The euro was at $1.3073, up about 0.1 percent and holding above a seven-week low of $1.3018 hit earlier in the week. A break of that level would bring into focus its 2013 low of $1.2998.

The euro lost about 4 percent against its U.S. peer in February, its biggest monthly slide in nine months.

Against the yen, the euro rose 0.2 percent to 121.12 yen , after rising as high as 121.84 earlier in the session.


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reuters.com

* Dollar rallies, euro and sterling hurt by poor data
* Some speculation of ECB rate cut pushes euro lower
* Rate differentials move in favour of United States

The dollar rose to a six-month high against a basket of currencies, buoyed by sharp gains against the euro on growing evidence the U.S. economy is picking up even as the euro zone struggles.


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nasdaq.com

"We will get through this, will not be an 'Apocalypse'". Those were the words US President Barack Obama used to partly alleviate the 'sequester' burden, and the excuse that risk-related assets found to halt the downside and start picking up pace. The euro found some oxygen after President Obama's comments, climbing back above the 1.3000 psychological limestone, although the selling pressure still dominates the scenario.


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As I fully forex news guy I want to remind that FXstreet Economic Calendar indicator was created for Metatrader4 and uploaded to our forum - go to this thread to download. It is the first FXstreet calendar for MT4.

economictimes.indiatimes.com

MUMBAI: The rupee weakened by about 1 per cent against the greenback on lumpy dollar outflows from a private bank and also due to a weak Euro, even as the Sensex closed 57 points up at 18918.52 on Friday.




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telegraph.co.uk

Beppe Grillo, the comedian who was the big winner in Italy's election, suggests Italy may have to abandon the euro and go back to the lira, and renegotiate its gigantic debt.

Markets were jittery in trading on Friday, with the Milan index plunging 1.54 percent - the worst performer among major European stock markets.




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forbes.com

“China is fully prepared,” Yi was quoted saying in China Daily. “In terms of both monetary policies and other mechanism arrangement, China will take into full account the quantitative easing policies implemented by central banks of foreign countries.”


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dailyfx.com

The Australian Dollar eyes the RBA statement as mixed signals are sent by improved domestic and Chinese data with a concerning global macro-economic backdrop.

t the first Reserve Bank of Australia meeting for 2013, the RBA decided to hold interest rates at 3.00 per cent, the interest rate since December of 2012. The decision to hold rates came after some relatively soft Australian retail data for the month of January, as well as some data out of China to suggest that growth was stabilizing.

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dailyfx.com

• Australian Dollar Sinks as China News-Flow Dents Sentiment
• Yen Looks to Capitalize on Carry Unwind Amid Risk Aversion
• Eurogroup Summit Eyed for Clues on a Way Forward in Italy

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dailyfx.com

The Dollar may do especially well against “high-Beta” currencies such as the Australian Dollar and Canadian Dollar, which have both broken below key support levels versus their US namesake.

One especially bright spot for said system has been the Japanese Yen and particularly the Euro/JPY and other cross rates. With the recent reversal in the EURJPY, however, we are admittedly left to question whether the recent JPY bounce could be the start of a larger correction. If it is indeed the start of a larger breakdown in JPY cross rates, the one-way breakout trade that has served us so well may soon prove more difficult.




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