Monday, April 9, 2012

EUR/USD prospects remain unclear

BNP Paribas: The NFP data are quite comforting, since the cuts that occurred in March are very likely to be reversed afterwards.

On Monday, April 9, activity on the European markets remains weak due to Easter holidays in Germany, France, Switzerland, Italy and Great Britain. Given the rising Spanish bonds yield and increasing uncertainty about the country’s prospects, the future of the euro doesn't look bright. Read more