Trade figures up next. Remember when they used to move the market?

Gone are the days when US trade data used to move the forex markets. Economists are expecting a $38.5 bln deficit for February.

Markets are pretty well behaved this morning, not very far from New York closing levels on the EUR and a shade lower in USD/JPY. Cable has been a winner, rising to 1.5425 from closing levels at 1.5365.

Greek bond spreads are little moved as well this morning. Benchmark 101-year spread are steady at 350 bp over German bunds after Greece sold EUR 1.3 bln in bills this morning.

Offers remain in the 1.3615/20 area while small buy stops are eyed at 1.3625, traders report.