EUR/USD up 58 pips to 1.0973 today
During the last few days our risk index moved into less risk seeking
territory, mainly on the back of falling equity market volatilities.
However, due to the Fed’s more hawkish monetary policy stance, the most recent
disappointment by the BoJ and as there is little scope of the ECB turning more
aggressive anytime soon caution may be warranted for now.
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