US Feb NFIB Business Optimism Index up to 90.8 vs 88.9 (Jan)
Mar 12, 2013
Forex Flash: 2014 eyed as bounce back year in terms of global growth – NAB
Financial markets have lifted as confidence in the global growth outlook has firmed, however late 2012 data for world exports and industrial output remained soft, showing modest expansion in activity at best. GDP fell at the end of last year in Western Europe and Japan, was flat in the USA, while the pace of growth in some of the biggest emerging market economies was sluggish by their standards.
The USD/JPY has been in a tailspin since surging overnight towards the 97.00 level. However the free-fall during the European session has taken the pair below 96.00 and in these moments the cross has settled at 95.88/90, down -0.44%.