Forex news from the European morning session 9 Feb 2015
- UK's Cameron prepares for Grexit fall-out
- US treasury sec Lew says strong USD to be topic at G20 meeting
- Germany's Fuchs says "there's no way out for" Greece
- BOE's Carney says ECB has taken bold action
- Bank of France business sentiment Jan 98 vs 97 exp
- G20 draft communique - ECB decision will support Eurozone recovery
- EU's Juncker says Tsipras should not assume that EU will accept full Syriza programme
- Canada's Oliver says Eurozone and Greece must find a compromise
- German trade balance Dec EUR +19.1bln vs 16.0bln exp
- SNB sight deposits w/e Feb 6 CHF 384.9 bln vs 383.3bln prev
- Greek industrial production Dec yy -3.8% vs +2.5% prev
It's been a strange morning for obvious reasons with our site revamp and I will keep this brief but the gist is that the euro has continued to fall as Greece dominates the landscape and risk-on plays prevail
EURUSD has fallen to 1.1270 from 1.1360, EURGBP to 0.7412 after failing to hold early gains above 0.7450, while EURJPY has fallen back from attempts on strong res into 135.00 to post 133.68
USDJPY has an early look abve 119.00 but failed to hold and safe-haven yen demand and euro weakness has seen the pair down to 118.44 o/n lows while USDCHF has also been on the back foot to 0.9211 with EURCHF falling to 1.0422
GBPUSD had early offers above 1.5250 on EURGBP demand and has happily followed EURUSD lower to test support at 1.5200 with GBPCHF and GBPJPY also driving it down
AUDUSD has enjoyed some cross support up to 0.7822 from 0.7780 while USDCAD has dropped to 1.2480 from 1.2520 as oil heads north again
Busy times still and a decent start to the week
