B. Greece optimism supports euro, high beta currencies
B. Athens assures strong support for debt-swap deal
China inflation, jobs U.S. data to continue in focus
(SYDNEY, March 9, Reuters) - the euro and commodity currencies are stopped on overnight gains in Asia on Friday after Greece closer advanced, to avoid messy debt default to secure the fresh funds.
But further gains depends on China's consumer inflation data due around 0130 GMT and industrial output at 0530 GMT, which could either support or undermine risk improve mood.
The single currency was at $1.3274, that about 1 percent saw increased, on Thursday after Greece close to 95 percent approval on its bond swap offer to private creditors, to ease its debt burden.
This saw currencies fall to its lowest level of the greenback this week against a basket of the most important. But managed to rise the greenback to the yen safe harbour, rock climbing, 81.55 Thursday deeply of 81.06.
Preliminary results of the Greece bond swap offer are expected to be at 0600 GMT, before a telephone conference with Finance Minister euro zone in the afternoon officially announced.
It was not yet clear whether Greece could avoid the implementation of Exchange on a recalcitrant holdout, which would mean that the result would trigger not payouts on credit default swaps.
The week in positive territory, the euro was on track until the end, recouped losses all its mid of week, if doubts had undermined a Greek swap deal risk-taking.
During the 55-day moving average at $1.3081, with resistance coupled to $1.3335, 61.8% retracement Feb 29 to March 7 fall seen support for the single currency.
Help also the euro were comments from the European Central Bank, gave a surprise warning on inflation, further suggested the political loosening was unlikely.
Together with the euro commodity currencies also ground won. The Australian dollar fetched $1.0641, well from the previous session low of $1.0531. data on Thursday a surprise fall in employment show is now firmly in the rearview mirror.
U.S. jobs will be observed exactly data due late on Friday, especially after the Wall Street Journal already in the week, the Federal Reserve officials thought about sterilized quantitative easing to further help the economic recovery.
A result that strengthens such expectations could become the dollar's undoing.
"Our long-term view is still that EUR/USD will be higher and the relative Hawkishness of comments by ECB Chairman Mario Draghi is a reminder that in his heart, the ECB 'wants' to normalize policy, while Ben Bernanke ' ', wants more protection against disasters, to buy", said Kit Juckes, strategist at Société Générale.
B. Athens assures strong support for debt-swap deal
China inflation, jobs U.S. data to continue in focus
(SYDNEY, March 9, Reuters) - the euro and commodity currencies are stopped on overnight gains in Asia on Friday after Greece closer advanced, to avoid messy debt default to secure the fresh funds.
But further gains depends on China's consumer inflation data due around 0130 GMT and industrial output at 0530 GMT, which could either support or undermine risk improve mood.
The single currency was at $1.3274, that about 1 percent saw increased, on Thursday after Greece close to 95 percent approval on its bond swap offer to private creditors, to ease its debt burden.
This saw currencies fall to its lowest level of the greenback this week against a basket of the most important. But managed to rise the greenback to the yen safe harbour, rock climbing, 81.55 Thursday deeply of 81.06.
Preliminary results of the Greece bond swap offer are expected to be at 0600 GMT, before a telephone conference with Finance Minister euro zone in the afternoon officially announced.
It was not yet clear whether Greece could avoid the implementation of Exchange on a recalcitrant holdout, which would mean that the result would trigger not payouts on credit default swaps.
The week in positive territory, the euro was on track until the end, recouped losses all its mid of week, if doubts had undermined a Greek swap deal risk-taking.
During the 55-day moving average at $1.3081, with resistance coupled to $1.3335, 61.8% retracement Feb 29 to March 7 fall seen support for the single currency.
Help also the euro were comments from the European Central Bank, gave a surprise warning on inflation, further suggested the political loosening was unlikely.
Together with the euro commodity currencies also ground won. The Australian dollar fetched $1.0641, well from the previous session low of $1.0531. data on Thursday a surprise fall in employment show is now firmly in the rearview mirror.
U.S. jobs will be observed exactly data due late on Friday, especially after the Wall Street Journal already in the week, the Federal Reserve officials thought about sterilized quantitative easing to further help the economic recovery.
A result that strengthens such expectations could become the dollar's undoing.
"Our long-term view is still that EUR/USD will be higher and the relative Hawkishness of comments by ECB Chairman Mario Draghi is a reminder that in his heart, the ECB 'wants' to normalize policy, while Ben Bernanke ' ', wants more protection against disasters, to buy", said Kit Juckes, strategist at Société Générale.
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