Euro Extended Rally ahead of ECB Meeting, S&P 500 at Record High Before Heavy Weight Data There were two important developments last week. Firstly, markets were initial building up expectation of a rate cut from ECB in the March meeting this week and traders have been adjusting their positions. Euro was pressured for most of the week. Then it came the higher than expected Eurozone CPI figure. And, sentiments towards the Euro quickly reversed. EUR/USD then jumped to as high as 1.3824 to extend recent rebound from 1.3476. EUR/JPY was also back above 140 handle after initial dip to 138.78. But indeed, it should be noted that the Swiss Franc was even stronger with EUR/CHF extending the medium term fall from 1.2649 to as low as 1.2132. The development indicated some safe haven support to the Swiss Franc on political tensions in Europe. Full Report Here... | 
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