FX Weekly: 20th June 2011

 Three key themes predominate this week: the Greek tragedy, the Fed’s liquidity trap and the post-quake recovery path in Asia

 Two key rate decisions scheduled – Fed and Norges Bank. Both should stay on hold with QE3 as the focal point for the Fed Q&A

 Chinese flash PMI’s will update the situation in Asia – recent fears of a sharp slowdown are turning out to be unfounded




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