FX Weekly: 17th January 2011
After several months of EUR weakness on the back of national and corporate funding worries – EUR pairs bounced back on rumours of additional state help for ailing European sovereigns
BoE leaves rates unchanged as market expectations for a mid-2011 rate hike grow. This week’s UK figures could be explosive for Sterling.
Equities/bond yields/US Dollar correlation breaking down going into 2011 – possibly a sign of a nascent recovery in the US
Australian floods unlikely to have long term impact on AUD pairs as impact on future production seems to be manageable despite the severe hit to infrastructure across the Queensland territory.
BoE leaves rates unchanged as market expectations for a mid-2011 rate hike grow. This week’s UK figures could be explosive for Sterling.
Equities/bond yields/US Dollar correlation breaking down going into 2011 – possibly a sign of a nascent recovery in the US
Australian floods unlikely to have long term impact on AUD pairs as impact on future production seems to be manageable despite the severe hit to infrastructure across the Queensland territory.
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