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Against A Tradeweighted BasketTitle:
EUR-USD: Risk on or off?
FX Briefing
Highlights
Equity markets hope for additional support from the Fed
"Hard" US economic indicators show little recession risk
In Japan resistance is growing against the strength of the yen
Ruling party DPJ to elect new Japanese prime minister
EUR-USD: Risk on or off?
Recession fears and the debt crisis are continuing to dominate market action. The mood alternates between flashes of optimism on equity markets and panic attacks as last seen on Thursday afternoon. On bond markets, the picture is mixed: whereas spreads for Italian and Spanish government bonds have stabilised thanks to the ECB's purchases, yield spreads between Greek government bonds and comparable German Bunds have hit new record highs. Given the dispute about collateralisation of loans from the ...
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