FX Weekly 12 – 19 December 2011

Published 12/12/2011, 11:04 AM
Updated 02/20/2017, 09:25 AM
  • FX space largely unchanged last week as all currency pairs posted ±1% change against other G20 counterparts
  • Gold prices were a shade lower, meeting strong support around $1,670 per troy ounce
  • Short-term, traders remain sceptical as to whether we have seen enough to reverse the crisis of confidence in the Euro-zone. Chances of an IMF program for either/both Italy and Spain has increased with news of an additional €200bn IMF fund
  • Domestic demand is slowing in China as well as globally prime data out this week could be the most market moving FX theme in the absence of revelations in Europe 

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