What a day for the Aussie dollar +1.8% vs USD +1.3% vs JPY and +1.7% vs Yuan
Some lingering question regarding the bund and why it hasn’t sold off due to EU deal? Hmm well ECB still doing QE and whatever acronym program they are embarking on is still buying bunds. EU countries not out of the water with regards to recession and thus individual countries can still be downgraded.lastly Spread tightness might be representative of EU Success more so then outright move in Bunds. Just a few thoughts Once I read some more insight ,clarity will ensue.
- Nasdaq down on day,but other major indices higher
- Dollar index approaching March lows
