That’s what gave us the pop in EUR/USD.
- Talking with German govt over modality of loans
- Loans to IMF mustn’t be earmarked for euro zone
- Important to observe IMF rules in use of funds
Another factor being mentioned to explain violent pop in EUR/USD is news that China is to create $300 bln fx vehicle. The vehicle is to comprise two funds, one focused on Europe, one on US.
I’d think the BUBA comments had more effect.
