The euro rose against a basket of currencies yesterday after figures revealed that global manufacturing activity picked up easing fears about global growth. Manufacturing PMI showed the biggest gain since March 2010. Further supporting the single currency were talks that Greece’s agreement with its private creditors is nearly completed. Portugal’s Prime Minister said [...]

Pre-NFP data provide mixed signals January’s estimated change in employment was released on Wednesday, 1st of February, by the ADP. Their latest estimate, known to be a leading indicator of the Non-Farm employment change, came out below expectations at 170,000 jobs pointing to a weaker Non-Farm Payrolls (NFP) reading. ADP’s forecast, which excludes the farming [...]

  The euro fell after China released worse than expected Non-Manufacturing PMI figures during the Asian session. After the German Chancellor’s visit to China, Chinese Premier said that China is considering a greater involvement in the EFSF and ESF channels. A successful bond auction from Spain helped the euro after Spanish bond yields fell below [...]

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Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:none; mso-hyphenate:none; text-autospace:ideograph-other; font-size:12.0pt; font-family:”Times New Roman”,”serif”; mso-bidi-font-family:Tahoma; mso-font-kerning:1.5pt;} U.S. Dollar Trading (USD) the US Dollar was on the back foot as stock markets surged on improvement in manufacturing [...]