FYI:
Italian Bonds above 7.00%
What does that mean?
It means, Italy, even with ultra great governance, wont be able to pay it's debt.
What does this got to do with AUDUSD?
This is a very bad situation. Therefore, RISK is OFF the table. Rumor has it than ECB is FORCED to intervene by buying up some Italian Bonds. ECB was not supposed to do this, but if they dont intervene this way, there might not be an EU...
Italian Bonds above 7.00%
What does that mean?
It means, Italy, even with ultra great governance, wont be able to pay it's debt.
What does this got to do with AUDUSD?
This is a very bad situation. Therefore, RISK is OFF the table. Rumor has it than ECB is FORCED to intervene by buying up some Italian Bonds. ECB was not supposed to do this, but if they dont intervene this way, there might not be an EU...