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ForexLive North American Wrap: Flatliners

|Includes: Invesco CurrencyShares Euro Trust ETF (FXE)
  • US March consumer confidence 70.2 vs 70.0 exp
  • Richmond Fed +7 vs +18 exp
  • CS home price index -3.78% y/y vs -3.8% exp
  • Ireland touts Chinese investment pledge
  • Schaeuble likely to take over Eurogroup
  • OECD says proposed EU firewalls still not large enough
  • Fed's Dudley: Economy expanding at moderate pace
  • Merkel sees bund yields rising
  • BOE's King: First exit move will be to hike rates
  • Spain deficit in Jan/Fed is 1.94% of GDP vs 1.29% last year
  • SPR release under consideration
  • Fed's Rosengren: More stimulus may be needed if econ slows
  • Fed's Fisher: Data showing improved growth prospects for 2012
  • S&P 500 down 0.3% to 1412
  • On day, USD is best performer; AUD lags

EUR/USD opened US trading at 1.3336, slipped as low as 1.3331 at the London fix and rose near 1.3348 several times. A bit of late slump as stocks edged lower into the close.

Cable was able to briefly touch above 1.60 but was unable to extend gains, slipping back to 1.5960.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.