Italy Wage Inflation (MoM) steadies at 0% in Mar; 1.4% (YoY)

Apr 29, 2013

Forex: EUR/USD jumps to 1.3100 on European opening

The EUR/USD is starting the week in strength after closing Friday trading above 1.3000 and investors cheer this weekend’s news of an Italian coalition government, with PM Lette (PD) forming an alliance with Berlusconi’s PDL party (even though he is not assuming any senior ministerial positions, he remains popular and influential), while Grillo’s Five-Star party refused to join, as expected. The market will also be pricing in expectations regarding the ECB meeting and the FOMC meeting this week.

Forex Flash: Expect this week to build into an ECB crescendo - Deutsche Bank

Jim Reid of Deutsche Bank is expecting this week to start calmly and then build into a crescendo, culminating with the ECB meeting, the final PMI´s/ISm and US NFPs on Friday.