ECB Hikes, ADP Strongly Beats, EURUSD Dithers
by admin on Thursday, July 7th, 2011 | No Comments
Trichet and company delivered with the expected rate hike and continue to call rates accommodative. Meanwhile, the pro-risk trades are celebrating a large positive surprise on US ADP payrolls survey.
In Europe, sovereign spreads are bolting wider once again, with the Portuguese 2-year now yielding over 18% and up 150 bpshttp://feeds.actionforex.com/~r/ActionForexall/~3/7CL31g62zSk/