Steve Barrow, at Standard Bank says the prospect of a eurozone rate cut is slowly returning to investors’ radar screens.
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February 8th, 2010
“We expect and we are confident that the Greek government will take all the decisions that will permit it to reach that goal,” Trichet said. A statement made earlier, but reiterated by EU members of the G7 this weekend. In addition, EU members spent time trying to reassure non-EU members that Greece’s (Portugal ’s, Spain etc) fiscal problems can be solved without the help of external bodies such…
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It has been a range-bound session for the majors as a lack of economic releases coupled with the absence of new sovereign debt headlines allowed risk assets to stabilize somewhat. For now, the panic element that had fuelled EURUSD’s plunge has subsided, but worries surrounding the PIGS (Portugal, Ireland, Greece and Spain) are by no means gone, leaving EURUSD stable but still heavy around 1.3695… | ||||||||||||||||||||
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