European Session: US Bank Earnings Holds USDs Fate
October 12th, 2009 • Related • Filed Under
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The USD was able to claw back some losses in the Asian session, as regional equity markets failed to keep risk appetite afloat. Last week’s USD selloff stems from the belief that the need for safe haven assets has declined, causing participants to search for risk premium. This week, risk appetite will be left in the hands of US bank earnings (JPMorgan, Citibank, GS and BofA) and rhetoric from… | ||||||||||||||||||||
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