Despite being limited macro data scheduled for today, the major currency pairs we offer interesting tours, highlighting the surge of the loonie to the greenback, while the franc continues to push against the greenback., Trading at this time when lowest since October 2009. Among other things, uncertainties surrounding Greece’s fiscal position remains a key factor in the weakening of the euro. According to the comments of some members of the European Commission, it is difficult for Greece to rectify its economy, after recording a deficit of close to 12.7% of their Gross Domestic Product (GDP) without the assistance of the International Monetary Fund (IMF). However, the Hellenic prime minister, George Papandreou, has indicated that the current problems in the country should be solved without foreign aid, but stressed that he would like more support from their European neighbors.

Among other things, the motto of the old continent is still losing positions on the major majors, then published the results of the producer price index for the Eurozone. According to the Statistical Office of Germany, that industry has registered a slower contraction rate in the year, while the monthly weakened in February. In Asia, the Index of Industrial Activity in Japan has exceeded expectations, while in New Zealand credit card spending rose to 1.1% annualized, reflecting the recovery in domestic consumption. In Canada, we learned that the Consumer Price Index (CPI) has exceeded expectations, as it fell by 1.6% in the annualized rate to 0.7% in the month. As a result, the loonie can see 75 pips so far.
For the next few hours, the eyes will be on retail sales in Canada. » Read more: Rebound of loonie and Swiss franc