FX Weekly: 14th March 2011
EU leaders agree to formally expand EFSF scheme to €440bn. Relieved EUR longs are not out of the woods yet as Ireland, Greece and Portugal have yet to agree on final set of measures
Japanese earthquake/tsunami has introduced further systematic risk to the G20 FX space. Weaker Yen via added BoJ liquidity is so far being tempered by sizeable repatriation flows back into JPY. Possible nuclear disaster an unlikely yet active risk
BoE reigns in growing hawkish expectations. Next hike likely to be in May with an April surprise remaining a very plausible scenario
Japanese earthquake/tsunami has introduced further systematic risk to the G20 FX space. Weaker Yen via added BoJ liquidity is so far being tempered by sizeable repatriation flows back into JPY. Possible nuclear disaster an unlikely yet active risk
BoE reigns in growing hawkish expectations. Next hike likely to be in May with an April surprise remaining a very plausible scenario
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