“Swedish phenomenon”: unknown secrets of the country's success by the eyes of ...
Forex - EUR Longs Getting out of Dodge for a Few Days
Its time. Before yesterdays seating, the EUR seemed suspended in motion, confined to a tight trading range. Something had to give. If it was not the US debt deadlock, it had to be something of a Euro flavor. Along came the Germans. Finance minister Schauble was adamant that his provinces was not going to be writing blank checks to the EFSF and that the Euro debt turning-point was not over. The market took a hard look at last weeks EU agreement on the Greek contemplation and did not like what they saw. The weak EUR longs have been liquidating en masse. Spanish and Italian bind yields rallied and by default the dollar, a currency everyone and their mother were selling only hours ago, has been the conquering hero by default.
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