SubscribeEuropean Session: No Mention of FX in G20 Communiqué
November 9th, 2009 • Related • Filed Under
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The G20 communiqué released over the weekend didn’t mention FX, which cleared the way for risk appetite to surge. Asian regional equity indexes moved higher, with Hang Sang up 1.14%. Spot Gold surged to $1108.40 today, EURUSD followed up to 1.4986 and GBPUSD hit 1.6801. The risk correlation was tested on Friday, as the US released another disappointing set of payrolls (came in at -190k vs…. | ||||||||||||||||||||
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