Monday, 10 December 2012

EUR/USD bears beware ahead of Spanish bailout

From Mansoor Mohi-uddin, Managing Director and Head of Foreign Exchange Strategy at UBS: "We think investors shouldn't short the euro until Madrid requests a sovereign bail-out. The single currency may rise initially as the European Central Bank has committed to buying Spanish bonds in the secondary markets. That would suppport sentiment temporarily."

No comments:

Post a Comment