Wednesday 19 October 2011

FX European Briefing 10.19.2011

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Talking Points
  • US Dollar Slides on Rumors Germany, France Agreed on EFSF Expansion
  • S&P 500 Futures Drop, Hinting Return to Risk Aversion is Around the Corner
  • Bank of England Minutes to Reveal Extent of Dovish Shift After QE Reboot  
US Dollar Recovery Hinted as S&P 500 Index Futures Slide

The US Dollar tumbled overnight on rumors that France and Germany agreed to grow the EFSF bailout fund, but S&P 500 futures hint a rebound is ahead.

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