Markets could not shake off the Gloom

Source: Advanced Currency Markets |

G10 Advancers and Decliners vs USD
JPY -0.12
EUR -0.19
CHF -0.20
GBP -0.24
Risk appetite was still off overnight as the negative-euro sentiment has not completely faded. Two events are to determine investor positioning during this start of the week, the first being the June 28-29 EU summit, the second sovereign note auctions taking place today and tomorrow. The EU summit will show whether the stance of Angela Merkel has shifted amid increasing pressure on Germany to…

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