No surprise to the markets
Weekly Economic and Financial Commentary Jan 16 05:42 GMT, byWachovia Corporation Businesses and consumers remain exceptionally cautious and will not likely be phased by a blowout real GDP number for the fourth quarter. ECB Review - Almost All as Expected Jan 14 15:30 GMT, by Action Forex. As expected, the ECB meeting offered no surprise to the market on both economic outlook and monetary policy. Yen rose against most major currencies on risk aversion on as China stepped up its fap turbo review measures to cool lending. Weekly Review and Outlook: Euro Broadly Lower on Greece Concern, More Downside Ahead Jan 16 15:30 GMT, byActionForex.com Euro was broadly pressured last week on growing concern of Greece’s large deficits and doubts over its sovereign creditworthiness, in particular after ECB Trichet made it clear that there will not be any special treatment to a signal member of the Eurozone.