Surprisingly weak first-quarter economic growth data from Germany and France sent to the six-week low against the dollar Wednesday, the euro, boosting the opportunity to continue to cut interest rates.
European Central Bank President Mario Draghi said earlier this month that he would cut interest rates further if economic growth prospects deteriorate.
Range "(Draghi) trying to be transparent and tell the market, any weak economic data will give them (the ECB) cut again, and certainly is a market transaction," said the FX hedge Director Greg Matwejev Fund sales and trading Newedge.
The dollar extended its series against the currency to 102.58 yen and a six-week high against the pound sterling hit a 4-1/2 year high, strong strength of the U.S. economy and signs of low inflation and stimulate demand.
Share market showed toughness, European economic growth figures. Indicators of the FTSEurofirst 300 index of pan-European blue chip stocks the FTEU3 blue chips, closing Tuesday's high within five years, in fact, unchanged on Wednesday, Germany's DAX index GDAXI fell moderately early gains.
Global Equity quantitative sales trading competent Thebault, "said David," the middle of the (equity investors) to buy, betting things will improve macro September before investors buy every dip.
In the bond market, the Italian government bond yields rose as investors sold debt is expected to sell a new 30-year bond, designed to tap into strong demand from investors in high-yield securities to make room.
 



Other News:
Weak German growth sends euro lower, shares near peaks
HollyFrontier declares special dividend
Allianz: Low rates to keep earnings under pressure
Israel to authorize four West Bank settler outposts
Dr. Dre, Iovine donate $70M for new USC center
Japan government takes aim at electricity monopolies
Citi sells Brazilian card and finance business
As scandals mount, White House springs into damage control