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Risk back on as positive US & China data and short covering in Eurozone sov credit drive markets
Weak US jobs data results in inflation-trade positioning while news from Merkel & Bernanke spur action in respective currencies
→
ECB extends full allotment and continues SMP as euro rallies on ECB periphery bond purchases and growth-driven USD weakness
Posted on
December 3, 2010
by
naufalsanaullah
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Risk back on as positive US & China data and short covering in Eurozone sov credit drive markets
Weak US jobs data results in inflation-trade positioning while news from Merkel & Bernanke spur action in respective currencies
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ECB extends full allotment and continues SMP as euro rallies on ECB periphery bond purchases and growth-driven USD weakness
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