GBPUSD breaks past the $1.53 resistance on soaring UK producer prices (highest since Nov 2008). Cable tests the Mar 17 high of $1.5380, and could extend gains $1.543038% retracement of the decline from the $1.6450 high. EURUSD cheers Trichets remarks that ECB wont allow a Greece default. The latest resistance on the euros 23-week downchannel stands at $1.3480-00, only a break of which would eliminate the downtrend. Considering latest round of USD weakness, USDCAD could knife through parity again in the event that Canadian Mar jobs figures (11:00 GMT) show payrolls of at least 15K (exp 20K from prev 21K). Unemp rate exp unchanged at 8.2%.
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