GO Markets - FX Market Commentary
By Chris Gore
08 February 2010 @ 05:36 pm EDT
European equities kick off the week on a positive note with a little help from ECB president Jean-Claude Tichet who stated the ECB is "confident" Greek economic woes will subside, with the economy likely to cut its deficit below the limit of 3 percent of gross domestic product in 2012 from 12.7 percent. Economic feedback from European showed the Sentix investor confidence report failed to meet expectations, falling to January from -3.7 in December. Market forecasts had called for an improvement to -2.3.