Movement:
In the Asian session, The yen was under pressure on Monday while demand for higher-yielding currencies was robust after better-than-expected U.S. jobs data supported optimism about an economic recovery. In the Europe session, The yen and the dollar fell against the euro and higher-yielding currencies on Monday as Friday's above-forecast U.S. jobs data and easing concerns over Greek debt lifted investor demand for risk. In the New York session, The euro rose slightly against the dollar on Monday as concerns about Greece's fiscal crisis eased after French President Nicolas Sarkozy said there are plans to support the debt-strapped country, if necessary.
US:
The U.S. job market continued to improve in February for the sixth consecutive month, largely due to a strong recovery in manufacturing production, a research group said on Monday. The Conference Board, a private research group, said its Employment Trends Index rose to 93.5 in February from 93.2 in January.
Japan:
The number of Japanese corporate bankruptcies fell 17.2 percent from a year earlier in February to their lowest for any February in four years, as government credit support steps helped businesses, a research firm said on Monday. The number of bankruptcies dropped to 1,090 cases and total debt involved fell 64.2 percent from a year earlier to 438.8 billion yen ($4.86 billion), data from Tokyo Shoko Research showed.
Euro zone:
Investor and analyst sentiment in the euro zone edged up this month as economic expectations brightened, the Sentix research group said on Monday. Sentix's gauge of investor and analyst sentiment rose to -7.5 in March from -8.2 in February, data showed. British retail sales recovered last month from January's snow-related slide, helped by strong sales of clothing and footwear, a survey by the British Retail Consortium showed on Tuesday. The BRC said the value of sales last month was 2.2 percent higher than a year ago when measured on a like-for-like basis. That followed a 0.7 percent annual drop the previous month which was the worst January reading since the survey began 15 years ago. |