IX Intel - Market updates - Tags
A risk positive mood has taken over on Wall Street in the past 24 to 36 hours. This has helped to drive major indices higher. This is also weighing on the USD with a corrective move that has developed in the past couple of weeks back on track.
The EUR will be a key mover this week. With the ECB forum on central banking and Eurozone inflation, key moves in bond yields and currency crosses could be seen.
Despite a larger than expected rate hike by the ECB, the EUR has been unable to break decisively higher. Reaction to core/peripheral yield spreads will be key.
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