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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:
GBP
Discuss GBP
I consider going long on US 10 y June note. I suppose PBOC doesn't move right now and does no tightening immediately BOC call options rally a bit.
There must be vested interests in buying Euros for somebody.
London, April 9. EUR/USD has risen to a 3-day high of 1.3439 as some short euro positions are squared on the back of the claim from a macro-political intelligence service that EU officials have reached an agreement in Brussels on funding a backstop deal for Greece. The name-in-the-frame reportedly says that the package will be a single "one-stop shop" between the other 15 EZ members, EU institutions, and the IMF. It also says that if Greece wants to tap the E20-25bn fund, it will have to apply to both the EU and the IMF jointly. The EZ share of the finance will allegedly take the form of bilateral loans at a rate higher than that of the IMF but well below those in the market.