• Daily Summary on USD, EUR, GBP, JPY, AUD and CAD

    v US Q4 '11 GDP expanded at a 3% pace, faster than previously thought, and personal consumption jumped by 2.1%; v ECB extended a second round of 3-Yr loans this morning to more than 800 European banks amounting to EUR 530B; Ireland unexpectedly announced that it will put the region's fiscal pact to a referendum vote; v Commodity currencies gain to multi-month bests as the US and European data supports a rebound in investor risk appetite.