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Bersani once again rules out coalition with Berslusconi

FXstreet.com (Barcelona) - Pier Luigi Bersani, the leader of the Italian center-left Democratic Party, which in February secured the majority in the Lower House but not in the Senate, said today that he plans to hold a meeting with Silvio Berlusconi, the head of the center-right party, although he still rejects the possibility of forming a coalition with him.

In the middle of the complicated process of electing the next Italian president (the vote is due to take place on 18 April) Bersani confirmed that he would meet Berlusconi this week but insisted once again that he had no intention of forming a “grand coalition” with Berlusconi’s center-right.

Forex Flash: Canadian housing starts edged higher in March - RBC

RBC Economist, David Onyett-Jeffries notes that Canadian housing starts edged up by 0.4% to an annualised 184,000 in March 2013 and beat market expectations for a decline to 175,000 in the month.
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Forex: EUR/USD remains capped by 1.3070/75 area

The euro made a marginal new high against the dollar at the beginning of the NY session, as despite lingering woes in Europe, risk appetite encouraged some dollar selling buying.
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