Forex − EUR/USD Flows − ratings, risk and a supranational seller
Tuesday, September 28, 2010
, Posted by Usman Ali Minhas at 12:41 AM
International Trading
Published at 06:58 (GMT) 28 Sep
Rumours of a Spanish downgrade, S&P threatening further Anglo Irish related downgrades and a sell interest from the usual supranational are pushing the EUR lower. December S&Ps are down alongside though with some questions over which is taking the lead. it all plays to risk off and a further lack of devotion to positions either way, although the recent real money EUR buyers still have a good cushion in hand. PB
