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Feb 25, 2013
Forex: EUR/USD around 1.3200 in Italy's hands
With Italian elections still underway until Monday afternoon when first results will be known, and ahead of HSBC manufacturing PMI China at 01:45 GMT, EUR/USD has opened higher in early Asian session trade to start the week off, printing fresh weekly highs around 1.3220, just to ease back to session lows at 1.3185, now trading at 1.3200 round last. The pair is slightly higher from previous weekly close Friday, up 12 pips last.
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Feb 25, 2013
Forex: EUR/JPY capped below 125.00
With less than 2 hours to go for HSBC manufacturing PMI China at 01:45 GMT and Nikkei index up +1.60% around the 11560 level, EUR/JPY is higher by +0.92% at 124.22 last, off recent session and weekly highs at 125.00, ahead of Italian election results coming out later on by midday Monday. Headlines coming out over the weekend pointing for Kuoda as the new BoJ chief has weakened the Yen further.
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