United Kingdom BRC Shop Price Index (MoM) improves to 1.1% in Dec from 0.6%
Mar 6, 2013
Forex Flash: USD to stay soft after 2013 rally - ANZ
According to Richard Yetsenga, Head of Global Markets Research at ANZ Research, "the rally in the US dollar in recent months appears to be reflecting little more than a mild risk-off tone in some financial markets." The analyst still expects the dollar to remain soft, "as the global economy heals, and the US’s large basic balance deficit becomes more difficult to fund" he adds.
EUR/JPY is last at 121.75, still capped below weekly starting price around the 122 level, ahead of key risk event Thursday in the form of ECB meeting. The cross has not seen yet any upside for the week, recovering from a double weekly low at 121.10, on the back of relatively Yen strength. Volatility as measured by daily average range keeps shrinking down to fresh 2-month lows around the 186 pips, off recent 2-year highs at 235 pips post-Italian elections, and coming from multi-year lows back in mid Sept when it was below the 100 pips.