Intraday Market Thoughts

On Schaeuble, EFSF & China's Yuan

by Ashraf Laidi
Jul 30, 2012 19:56

One day after Draghi hints at a shock-&-awe solution from the ECB, German Finance Minister Schaeuble starts the week by denying reports that the EFSF could start buying Spanish sovereign bonds (his Sunday comments to Welt Sonntag). If Germanys denials continue to hit the wires at the same time that Greece tripartite coalition publicly struggles to agree on slashing the budget by 11.7bn then it would be difficult for EURUSD to revisit its rebound above .. Click to here to for the rest. MONDAYS PREMIUM INSIGHTS will be issued at approximately 20:00 EST (1:00 BST).


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