Connect with us
With the U.S. Market closed today for Good Friday, Daily Data Flow will wrap up its week with some snapshots of international monetary affairs.

archive

Daily Data Flow: Euro Down on Cyprus, Italy Worries; South Korean Debt Relief Troubled; Nikkei Makes Slight Gain

With the U.S. Market closed today for Good Friday, Daily Data Flow will wrap up its week with some snapshots of international monetary affairs.

With the U.S. Market closed today for Good Friday, Daily Data Flow will wrap up its week with some snapshots of international monetary affairs.

Cyprus, Italy Still Dragging Euro (Reuters)
The Cyprus bank ordeal and the lingering effects of Italy’s recent election continued to weigh on the Euro, keeping the continental currency down near a four-month low. There is some hope, though: “Today we have neither strong buying or strong selling pressure, so I think it’s close to bottoming out,” said Kenichi Asada, manager of forex at Trust & Custody Services Bank.

South Korean Debt Relief Fund Smaller than Planned (Reuters)
New South Korean President Park Geun-hye won the election in part because of her promised household debt-relief program, but the fund opened today with far less capital and far fewer recipients than planned, a sign of Park’s political troubles. “This fund is not much different from all the other programs out there, and it’s a drop in the ocean in terms of helping people who are struggling,” said Kim Shin-hong, a South Korean citizen seeking aid.

Nikkei Makes Small Gains for the Day (Reuters)
Thanks to investor excitement from this week’s S&P 500 record high, Japan’s Nikkei rose today, but poor factory data capped gains. “The data is hurting sentiment, although the impact should be limited and it may not last long,” said Yutaka Miura, a senior technical analyst at Mizuho Securities.

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

Click to comment

Leave a Reply

Your email address will not be published.

Advertisement
Advertisement

TRENDING NOW:

YouTube Won’t Let You Watch Lauren Southern’s ‘Borderless’

FOREIGN AFFAIRS

Global Elites Started The Russia Nonsense.

U.S. POLITICS

DONKTUM: Restricting the Range of Consciousness.

CULTURE

Trump Puts British Intel Under Spotlight: ‘I Hope [Barr] Looks at the UK… I May Talk to PM…’

FOREIGN AFFAIRS

Connect
Newsletter Signup.

Sign up to the Human Events newsletter