By: Jamie Coleman
Spanish and Italian yields extend declines Pasok leader Venizelos: Greece has an image problem Heavy interest seen among asset managers to cover EUR, GBP shorts Greek FinMin: No target for asset sales this year; 10 state assets discussed: BBG UK's Standard Chartered faces suspension of New York banking license over Iranian money transfers Cyprus's finances in worse shape than feared Nikkei says BOJ unlikely to ease further at Thursday's meeting Monti backpedals from comments to Der Spiegel. Fed loan officers survey moderately upbeat ECB's Hansson: ECB, EFSF, governments creating combined bond buying package: Dow Jones IMF official wants EU to ease loan terms for Greece S*P 500 fails to break above 1400 but closes up 0.25% at 1394 US 10 year note falls 1 bp to 1.56% EUR/USD range traded during the US session either side of 1.2400. We made a move as high as 1.2430 as Europe closed for the day and real money accounts came into the market to liquidate safe-haven dollar longs. Cable spiked even faster than EUR/USD, jumping to 1.5640 after the 15:00 GMT fixing. AUD USD rallied as high as 1.0592 at the same time but stalled ahead of 1.0600 barriers. We end around 1.0568 ahead of tonights RBA meeting. USD/JPY ends on a soggy note with no move expected from this week's BOJ meeting on the quantitative easing front. Semi-official bids are expected toward 78.00 once again.
Spanish and Italian yields extend declines Pasok leader Venizelos: Greece has an image problem Heavy interest seen among asset managers to cover EUR, GBP shorts Greek FinMin: No target for asset sales this year; 10 state assets discussed: BBG UK's Standard Chartered faces suspension of New York banking license over Iranian money transfers Cyprus's finances in worse shape than feared Nikkei says BOJ unlikely to ease further at Thursday's meeting Monti backpedals from comments to Der Spiegel. Fed loan officers survey moderately upbeat ECB's Hansson: ECB, EFSF, governments creating combined bond buying package: Dow Jones IMF official wants EU to ease loan terms for Greece S*P 500 fails to break above 1400 but closes up 0.25% at 1394 US 10 year note falls 1 bp to 1.56% EUR/USD range traded during the US session either side of 1.2400. We made a move as high as 1.2430 as Europe closed for the day and real money accounts came into the market to liquidate safe-haven dollar longs. Cable spiked even faster than EUR/USD, jumping to 1.5640 after the 15:00 GMT fixing. AUD USD rallied as high as 1.0592 at the same time but stalled ahead of 1.0600 barriers. We end around 1.0568 ahead of tonights RBA meeting. USD/JPY ends on a soggy note with no move expected from this week's BOJ meeting on the quantitative easing front. Semi-official bids are expected toward 78.00 once again.
