FX Weekly: 15th August 2011
‘Eurobond’ debate providing early support for the Euro early this week but German opposition is creating resistance. German approval would be a major development – considering all the options Euro-area authorities have tried, a Eurobond could be the last throw of the dice for the Euro
Volatility in equities, commodities and FX continues to soften across the board with the exception of CHF currency pairs due to risk of mammoth intervention and/ or currency peg between Swiss Franc and Euro
USD/JPY trading close to historic lows – intervention risk is high. Sharply weaker equity market alongside a stronger Yen would be a catalyst for intervention
Volatility in equities, commodities and FX continues to soften across the board with the exception of CHF currency pairs due to risk of mammoth intervention and/ or currency peg between Swiss Franc and Euro
USD/JPY trading close to historic lows – intervention risk is high. Sharply weaker equity market alongside a stronger Yen would be a catalyst for intervention
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