Thursday 13 October 2011

FX European Briefing 10.13.2011

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Talking Points
  • Australian Dollar Outperforms as Jobs Data Top Expectations
  • Italian Bond Auction to Test Markets' EU Debt Fix Optimism
  • JPMorgan, Fastenal on Tap as Q3 Earnings Season Continues  
Euro Rally, Debt Crisis Fix Hopes to Be Tested at Italy Bond Sale

Traders' nascent optimism in the containment of the EU debt crisis will be tested as Italy holds a bond auction, with poor uptake to hurt the Euro and risk appetite.

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