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Daily Forex Snapshot: 3-19-2010

Forex - EURUSD Suffers As Greek Concerns Trigger Risk Liquidation

G10 Advancers and Decliners vs USD
	JPY	-0.34
	EUR	-0.84
	CHF	-0.87
	GBP	-1.62

• German PPI (Feb) missed forecasts at 0.0% m/m, -2.9% y/y (0.1%/-2.8% expected, unch m/m, 0.8%/-3.4% prior) • ECB President Trichet said there is a need to strengthen longer term confidence, and that requires policy frameworks • EU’s Rehn was on the wires to say Greek problems are primarily the Eurozone’s responsibility, not IMF. • EU’s Barroso stated EU member states (including Germany), have...

Forex Alerts: 3-22-2010

Still no alerts for today

Daily Forex News & Commentary: 3-19-2010

SNB’s Board Member Danthine Comments Sink EURCHF

In the FX markets, events in Europe has stolen the spotlight. Greek PM Papandreou stated that he needs an answer regarding potential aid strategies at the 25-26th EU leader summit. And in a not so subtle shift, Germany is now openly supporting Greece turning to the IMF, as it would be unconstitutional for any EU member nation to provide financial aid. Clearly, the rift between Greece and Germany...

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