Oil and equities tumbled in the morning session resulting in Investor confidence being priced into the Yen. Eurozone Sentix Investor confidence came out worse at 6, expected to post at 7.4 although the bank of France forecast increased GDP for the 1st quarter of 0.4%. The Italian finance minister was also speaking on Bloomberg offering slightly hawkish sentiment stating that ‘ECB policy will contribute to inflation rise.’ These factors combined have led to a slight Euro gain.
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Cable has been thrown this morning with the market continuing to price in the mixed jobs data at the end of last week.
The Canadian Dollar strengthens as building permits came out at 11.3, beating expectations of 6.2%.
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