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Strong NFP good for USD – but for the wrong reasons?
We got solid US economic data after a few rough spots recently, and this has the USD rallying – but for all of the wrong reasons: it’s about keeping Big Ben's QE3 on hold rather than about an optimistic outlook for the US economy. Europe – Greek PSI deal reaching an end The participation rate for the PSI deal in Greece reached above 80% today, and the EU’s Juncker stated that he expected that percentage to increase, as Greece gave those holding Greek debt under foreign laws until 23 March to decide on whether they will voluntarily participate (the original deadline was 20 March). Those holding Greek debt ... (full story)
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