Portugal: Current Account Balance (Dec): €-2.557B vs €-2.744B (Nov)
Feb 21, 2013
Forex: EUR/USD stabilizes around 1.3180
The single currency has rapidly left behind the key support at 1.3200 on Thursday, as the sedative effects of yesterday’s FOMC minutes are still weighting on the cross. The worrisome PMI prints from the euro bloc members are also depressing the sentiment and helping in the downside.
Forex Flash: US asset purchased viewed as effective but risky – Deutsche Bank
Looking at the FOMC minutes in more detail, “most participants viewed the asset purchases to date as effective in stimulating the economy, but many participants expressed concerns about potential costs and risks of further asset purchases.” warns Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank. A number of officials said that their evaluation of costs and benefits of the policy "might well lead the Committee to taper or end its purchases before it judged that a substantial improvement in the outlook for the labour market had occurred".