FX Weekly: 4th October 2010
The US Dollar recorded its worst monthly performance in two decades alongside immensely strong equities – recording their strongest monthly performance in over half a century
Gold prices continued to set new records – last week’s all time high stands at $1,320. Gold prices have set a lifetime record in each of the past 3 weeks
Chinese pledge to buy Greek bonds has helped to narrow Greek-German bond yield spreads. Positive sentiment likely to aid the broader issue of peripheral funding in Europe
Peripheral European debt is still on the radar for most investors and remains an active theme - but the resulting negative weight on EUR pairs is diminishing
Gold prices continued to set new records – last week’s all time high stands at $1,320. Gold prices have set a lifetime record in each of the past 3 weeks
Chinese pledge to buy Greek bonds has helped to narrow Greek-German bond yield spreads. Positive sentiment likely to aid the broader issue of peripheral funding in Europe
Peripheral European debt is still on the radar for most investors and remains an active theme - but the resulting negative weight on EUR pairs is diminishing
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