Spreadex Market Update
A subdued week for equities
But in spite of an underperforming stock market courtesy of the return of European uncertainty, other so-called risk assets have performed well.
Indeed, the euro and sterling have remained stubbornly well-bid in face of falling stock prices. The euro’s start to the week was stable, trading slightly higher than the $1.2300 level.
But as news that the fed was anticipating scope for more easing hit traders’ screens during Wednesday’s session, the dollar was immediately dumped in favour of euros and sterling.
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