FX Weekly: 11th April 2011
The US has become the laggard not only in monetary policy terms but fiscal terms also - fiscal adjustment began 1yr ago in peripheral Europe, 2011 in the UK while the US start date remains unknown
ECB commences monetary policy normalization via initial 25bp hike with more coming in 2011
Oil prices continued their climb up to YTD highs – WTI Crude touched $113, its highest level since August 2008. MENA tension is ongoing with possible peace plan on the horizon
Gold prices remained very well supported, also printing a fresh YTD high of $1,474 per troy ounce
ECB commences monetary policy normalization via initial 25bp hike with more coming in 2011
Oil prices continued their climb up to YTD highs – WTI Crude touched $113, its highest level since August 2008. MENA tension is ongoing with possible peace plan on the horizon
Gold prices remained very well supported, also printing a fresh YTD high of $1,474 per troy ounce
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