Daily Archives: April 16, 2012

A Win-Win for US Dollar (USD) as Safe Haven and Continued Strong US Data

Posted on April 16, 2012 by

In spite of the Fed’s best efforts to play down the prospect of US rate hikes, the USD strengthened again on Friday as market concerns about the euro area once again started to dominate. The USD continues to look like … Continue reading →

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Spain In The Limelight

Posted on April 16, 2012 by

Rumours of a Spanish bailout (although denied by the ECB) worried the markets Friday and, together with news that gross borrowing by Spanish banks from the ECB nearly doubled in March, saw the yield on a Spanish 10-year bond jump … Continue reading →

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Danske Bank See EUR/GBP Resist around 0.825, Euro Currency Should Strengthen

Posted on April 16, 2012 by

The pound remains strong but EUR/GBP has met resistance around 0.8250. Relative rates have moved in favour of sterling and upbeat data has outweighed the Bank of England’s money printing. The European debt woes keep sterling’s safe-haven status alive even … Continue reading →

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