EUR / USD: dollar was strongly supported at the end of last week by good economic news on the state of the labor market. Expectations of higher interest rates strengthened. Dollar reached a 12 year high against the euro, which in turn is under pressure after the ECB started its program of quantitative easing
USD / JPY: the pair is at 8 year highs after NFP data from last week continued to support the dollar. Today's data on machine orders in Japan showed weaker results than expected
European stocks likely will start on mixed territory in anticipation of tense negotiations between Greece and the Eurogroup on the proposed reforms by Greece. Gold continues to be under pressure, being a three-month low.
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