It will be interesting to see how currencies respond for the remainder of the day, with particular attention on the Euro, which managed to surge in Asian trade on Monday, before finding offers for the remainder of the day.

MORNING SLICES



FUNDYS

The initial surge in the Euro this week has been brought on by an announced...

The Euro erased earlier gains after the final GDP reading for the fourth quarter showed that growth stagnated at the end of the year.

Talking Points
• Japanese Yen: Find Support on Risk Aversion and Upbeat BoJ
• Pound: Sunk By Slowdown in Service Sector
• Euro: Weighed by Flat 4Q GDP
• U.S. Dollar: Finding Support On Increasing Pessimism.

Euro Falters As 4Q Growth Stagnates, E.U. Looks To Calm Greece Fears

The initial...

Talking Points
• Japanese Yen: Mixed Against the Major Currencies
• Pound: Service-Based Activity Expands at Fastest Pace Since 2007
• Euro: Retail Spending Contracts in February
• U.S. Dollar: ISM Non-Manufacturing, Fed’s Beige Book on Tap

Euro Advances as Greece Announces Additional Measures to Curb Deficit, British Pound Halts Six-Day Decline


The EUR/USD bounced back during the early European trade and crossed above...