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Euro Gains as Trichet Says Greece Will Not Default

The Euro gained for a second day after European Central Bank President Jean-Claude Trichet said that “a default is not an issue for Greece”. Greek Bonds also rose for the first time in two weeks on the strength of Trichet’s comments.

Source: Bloomberg

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Posted by Dean Popplewell at 9:32 am UTC, 05/23/2012
Posted by Staff at 7:27 am UTC, 05/23/2012
Posted by Dean Popplewell at 6:36 am UTC, 05/23/2012
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May
23
Today’s Global
Market Events
All Day

EUR
EU Economic Summit
8:30am

CAD
Core Retail Sales m/m
0.5% vs. 0.5%
CAD
Retail Sales m/m
0.4% vs. -0.2%
CAD
Leading Index m/m
0.3% vs. 0.4%
10:00am

USD
New Home Sales
335K vs. 328K
USD
HPI m/m
0.4% vs. 0.3%
10:30am

USD
Crude Oil Inventories
0.8M vs. 2.1M
6:45pm

NZD
Trade Balance
400M vs. 134M
10:00pm

NZD
Annual Budget Release
10:30pm

CNY
HSBC Flash Manufacturing PMI
49.3