The Financial Fixed Odds update from David Evans, Market Analyst, BetOnMarkets.

 
After last week’s wild ride, it looks as though the forex markets aren’t about to quieten down in a hurry.

In early trading today, the Euro is trading higher after French premier Nicolas offered strong hints that Europe was ready to stand behind Greece if needed.

Adding to the positive note today, ex US Federal reserve chairman Paul Volcker commented that the Greek debt crisis was ‘manageable’.

This morning the EUR/USD is up 0.38% with the EUR/JPY up 0.56%. The US Dollar and Japanese Yen are weak across the board with the Yen the poorest performer today.

Today’s top economic announcements include Swiss retail sales at 08.15 and German industrial production at 11.00.

Canadian housing starts are out at 13.15 so keep your eyes out for the USD/CAD around this time.

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