The current
situation with Greece keeps the risk appetite on the Euro very low and even
though the Dollar should have fallen more versus the Euro, the uncertainty keeps
the Euro down. The stock markets in Asia have been favored by the drop in the
Dollar and the Nikkei index rises 0.9%. The US stock indices also closed to the
upside yesterday. Apparently, investors and traders are pricing in one single
interest rate hike from the FED and not two hikes as anticipated for this year.
Uncertainty is in fact the situation!
ReplyDeleteEur/Usd manage stay above 1.1300 level despite Greece.
ReplyDeleteVery interesting post. Thank you.
ReplyDeleteGreat post, thank you.
ReplyDeleteVery useful post, thanks!
ReplyDeleteGood read!
ReplyDeleteThat was very interesting to read! Thanks!
ReplyDelete