Daily Video Update (3/12): Euro Breaks Resistance on Data, News About Fed's Yellen

Friday, March 12th, 2010
Recap: The Euro rallied above 1.3735 for the first time in four-weeks as the worries about Greece receded to end the week, the Euro-zone posted stronger than expected production data, and there was news that San Fransisco Fed President Yellen is set to become the next vice chairman of the Fed. The US meanwhile posted better than expected retail sales but a weaker reading on consumer confidence. The Canadian Dollar meanwhile rose following a strong employment report.

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Analyst: Nick Nasad

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News & Politics

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