Whilst many traders remain cautious about the Euro, it has moved higher in trade on expectations that European finance ministers will not say anything new on the debt issues that surround the Greek economy. Yesterday the European Chief Jean Claude Juncker said that Greece had until March 16th to propose new measures to trim their deficits.


Market News

  • With the US markets shut for Presidents Day yesterday, the US Dollar inched ever so slightly higher in relatively thin trade
  • European finance ministers picked Portugal's Victor Constancio to be the new deputy president of the ECB at the end of May
  • The latest data from the CFTC shows record short positions against the Euro
  • Minutes released from the latest RBA meeting showed that they decided to leave interest rates on hold in order to assess the impact of past rate hikes

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