It's been 10 hours or so and the Euro has held a range, I don't know if this is in response to the MF Global filing, but something just started to break loose.
It will be interesting to see if there are any arbitrage algos running this a.m. and whether the market follows this break (so long as it is not just a blip).
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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