- Euro zone February unemployment 10.8%, up from 10.7% in January and in line with median forecast
- Euro zone March final manufacturing PMI 47.7, in line with flash estimate and as expected
- ECB's Mersch: Tensions remain on sovereign debt markets
- Japan FinMin Igarashi: BOJ tankan reflects worries about higher oil prices, increase in electricity charges. No need to be pessimistic over Japan's economic outlook (oh, ok then)
- UK March manufacturing PMI 52.1, up from revised 51.5 in February (prev 51.2), demonstrably stronger than median forecast of 50.7
- Swiss February retail sales +0.8% y/y, down from +4.7% in January
- Swiss March PMI 51.1, stronger than median forecast of 49.5
- Spain's March new car registration falls -4.5% y/y, down from -2.1% in February
- Rajoy needs all the luck he can get - WSJ
Greenback generally a little weaker in slow trade, US treasury yields have fallen back this morning, benchmark 10 year yield at 2.2232 from the 2.2375 I jotted down first thing.
EUR/USD (NYSEARCA:FXE) up at 1.3355 from early 1.3335 having been as high as 1.3380. We reported sell orders clustered 1.3380/00 ahead of 1.3400 barrier option interest and 1.3380 is where we stopped. Talk has some buy stops now gathered through 1.3380 and more through 1.3405.
USD/JPY (NYSEARCA:FXY) down at 82.80 from early 83.00, easier treasury yields applying a little pressure. Real money sellers noted.
Cable (NYSEARCA:FXB) up at 1.6035 from early 1.5990, having been as high as 1.6o62 at one stage after the release of stronger than expected UK manufacturing PMI (see above)
USD/CHF (NYSEARCA:FXF) down marginally at .9015 from early .9025. Recent low is .9002, well-touted barrier option interest at .9000 still just about intact.