Fitch Sees Risk Of Sovereign Crisis Contagion ‘Exaggerated’

G10 Advancers and Decliners vs USD EUR 0.24 CHF 0.15 JPY -0.07 GBP -0.26 EURUSD has continued to recover from last week’s rout, with the short term uptrend off Friday’s 1.3586 lows providing the platform for a test of the 1.3750 pivot level, and an earlier high of 1.3774. The EUR and [...]

G10 Advancers and Decliners vs USD
EUR 0.24
CHF 0.15
JPY -0.07
GBP -0.26
EURUSD has continued to recover from last week’s rout, with the short term uptrend off Friday’s 1.3586 lows providing the platform for a test of the 1.3750 pivot level, and an earlier high of 1.3774. The EUR and broader risk sentiment has been buoyed by the news that ECB President Trichet has decided to cut short a visit in Australia to return to Brussels; fuelling speculation that an EU-wide…

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