EURUSD Rallies as ECB’s Smaghi Spills Cold Water on QE Expectations
April 29, 2009 by admin · Leave a Comment
Market activity in the last 24 hours has been haphazard and choppy. Just yesterday, the EURUSD was breaking the 1.2985 support and equities were poised for another leg down, as external pressures mounted. Today, the EURUSD has traded though 1.3200 and European equity markets are trading higher (following Asia’s lead). While these moves are not shocking, especially compared to US yields, as the…
