EURUSD Drops On Stronger US Data

by on March 15, 2010

G10 Advancers and Decliners vs USD JPY -0.05 CHF -0.32 EUR -0.73 GBP -0.86 • Eurozone Employment Change (Q4) came out at -0.2% q/q, -2.0% y/y (-0.5%/-2.1% prior) • Swiss Producer & Import Prices (Feb) were a much lower than expected -0.3% m/m, -1.0% y/y (0.1%/-0.6% expected, 0.3%/-1.3% prior) • BoE member Kate Barker quoted saying UK GDP may fall one quarter, but no double dip. • US Empire State Manufacturing Survey (Mar) beat forecasts at 22.86 (22.00 expected,…

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EURUSD Drops On Stronger US Data

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