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FX Weekly: 12th December 2011

Sunday, December 11, 2011 Add Comment Edit

FX space largely unchanged last week as all currency pairs posted ±1% change against other G20 counterparts
Gold prices were a shade lower, meeting strong support around $1670 per troy ounce
Short-term, traders remain sceptical as to whether we have seen enough to reverse the crisis of confidence in the Euro-zone. Chances of an IMF program for either/both Italy and Spain has increased with news of an additional €200bn IMF fund
Domestic demand is slowing in China as well as globally – prime data out this week could be the most market moving FX theme in the absence of revelations in Europe

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