Monday 17 October 2011

FX European Briefing 10.17.2011

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Talking Points
  • US Dollar, Japanese Yen Sold as Risk Appetite Swells on EU Crisis Fix Hopes
  • G20 Backs Outline of Euro Rescue, EU Officials Face Tight Deadline to Deliver
  • S&P 500 Stock Index Futures Rise, Hinting Risk Appetite to Remain Supported
  • US Industrial Production, Manufacturing Data and Q3 Earnings Batch on Tap  
Dollar, Yen Under Fire as EU Rescue Hopes Fuel Risk Appetite

Optimism about a plan to squash the EU debt crisis after the weekend's G20 summit is stocking risk appetite and hurting the safe-haven US Dollar and Japanese Yen.

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