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Shrugging Off Its Role As A Funding Currency?

 

 

 

European stocks have maintained the early momentum from Asia, as sentiment remains elevated by this morning’s better than expected China data. Interestingly however, the rally in equities and gold has not been echoed ubiquitously in FX markets; and indeed the DXY is unchanged on the day. Instead, the main mover has been JPY, taking on the USD’s role as the predominant funding currency on better…

This entry was posted on Saturday, March 6th, 2010 at 2:19 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Shrugging Off Its Role As A Funding Currency?”

  1. mustang lover Says:
    July 26th, 2010 at 3:10 am

    Some people see things that are and ask, Why? Some people dream of things that never were and ask, Why not? Some people have to go to work and don’t have time for all that..

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