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ANZ Is Betting On EUR/USD Gains Towards 1.38 Next Week; Are You In?
If the US gov't shutdown continues, the impact on sentiment and hence asset prices will likely progress non-linearly. says Australia and New Zealand Banking Group (ANZ). "We would expect the impact to escalate ever more quickly, as the length of the shutdown increases. For instance, our sense is that investors quit trying to run as close to neutral as they can, given the uncertainties at play in the current environment...After all, we do need to get through the political negotiation before a solution can be found, and most politicians seem to struggle to find solutions until the pressure is applied. Markets are the ... (full story)
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