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Feb 21, 2013

US: CB Leading Indicator at 0.2% in January

The Leading Indicator by the Conference Board came at 0.2% in January (MoM), lower than the 0.3% expected. December data came in at 0.5%.
Feb 21, 2013

US: Philadelphia Fed Manufacturing Index disappoints at -12.5 in February

Philadelphia Fed Manufacturing Index in the US dropped from -5.8 to -12.5 in February, instead of rising to 1.0 as expected, disappointing investors.
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Feb 21, 2013

Session Recap: USD keeps shining

After yesterday's FOMC minutes, the main theme of the day has been USD and JPY strength. The greenback benefited from expectations the Federal Reserve may stop providing monetary stimulus. Meanwhile, the euro was also weighed by renewed signs of a struggling economy after region's PMI came in softer than expected in February. Uncertainty ahead of an Italian general election on the weekend also kept investors away from buying the euro. Commodity currencies remain under pressure, while the Cable managed to rebound from a 2 ½-year low scored earlier.
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