-
Back to NFP and Monetary Easing
Focus this week happened to be on what was occurring across the pond. Stateside data had limited direct influence on the big dollar, that was left up to the EU summit outcome. The Euro relief or short covering pain is beginning to find some hidden support that is expected to carry into next weeks holiday shortened trading week in the US. Do not be surprised to see Euro skepticism making a return soon. Analysts suggest that the EU may still not have achieved its TARP moment because of the “persistent doubts about where the combined EFSF/ESM mega funds to backstop both banking and periphery bond markets are to come ... (full story)
