ECB Refinancing Operation Expectations Boost Risk Appetite

Source: Advanced Currency Markets |

G10 Advancers and Decliners vs USD
GBP 0.31
EUR 0.29
CHF 0.26
JPY 0.00
The conclusion of the Eurozone summit yesterday brought no new progress on the Greek debt crisis, leading to a growing sense of realisation that European policy makers are running out of ideas. This in itself is unlikely to be a shock to the market, as investors and speculators have been pricing in scenarios of Greece default and Eurozone dispersion for some time now – even though politicians…

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