All Eyes on ECBs LTRO
Dec.22, 2011 in
News
Risk correlated FX trade were moderately supported as positive news flow trickled in. A solid Spanish bill auction and a stronger-than-expected result from Germany’s December Ifo helped risk sentiment. As a result, European sovereign yields and CDS prices contracted slightly. EURUSD was able to regain some lost ground climbing to 1.3128 while AUDUSD rose to 1.0176. Asia regional indices rose…

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