As Europe walks in, the optimism over the EU minister’s ability to negotiate a plan using the IMF to boost the EFSF is fading fast. To be honest, we were surprised how long the risk rally actually lasted. EURUSD dropped to 1.3259 from 1.3359 while USDJPY fell to 77.86 from 78.11. Asian regional indices were in the red with the Nikkei down -0.52% while Shanghai fell -3.27%. The extra selling in... ...More...


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