Risk appetite is on a roll, as participants have shrugged off concerns over the US bank stress test, swine flu, bankruptcy in the automotive sector, potential of ECB QE and trepid global economic environment to acquire risky assets. Risk correlated FX crosses did well with EM currencies performing strongly (USDMXN falling to 13.2525) and broad USD weakness. Equity markets steamed forward with the... ...More...


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