- The market was really, really short of Cable…
- The Fed will stay easy for months to come while phasing out its special lending programs
- The Swiss have begun to follow the ECB and Fed in withdrawing some of its support measures, specifically forex intervention to maintain a weak franc
- The market is discounting a serious trade dispute between the US and China. Otherwise they wouldn’t be plowing headlong into AUD and CAD as elevated levels.
- Greece will be a back-burner issue until it becomes a front-burner issue again as they resume rolling over their debt at 300+ basis points over European benchmarks.
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