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Fed’s Bullard: Will take time to develop fiscal credibility in Europe

By   || May 27, 2010 at 08:17 GMT
|| 6 comments || Add comment
  • Contagion from European debt crisis to US economy looks unlikely
  • US consumer confidence improving, does not see recent stock market volatility derailing it
  • Increase in US discount rate unlikely right now given current strains
  • Current rate for currency swap line with ECB is fine, has worked in past
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6 Responses to “Fed’s Bullard: Will take time to develop fiscal credibility in Europe”

  1. Tajul Akbar Bin Ismail on May 27th, 2010 08:21 GMT

    EURUSD talk of an ACB (dunno which one) joining the early European name and fund supply in selling the pair ;-)

  2. fms on May 27th, 2010 08:23 GMT

    Hey great crown of Ismail, good luck on the new challenge :)

    Ready to see our beloved cross take on 1.15? :D Talk of general striek in Portugal, huge demonstration next saturday.

  3. Tajul Akbar Bin Ismail on May 27th, 2010 08:27 GMT

    Thanks fms :-) , yes I heard about the upcoming general strikes ;-) … but beware of EURUSD 1.2100 there might be some intervention and 1.2000 as well

  4. fms on May 27th, 2010 08:41 GMT

    Rate-wise or at the printers? ;)

    Do you see such move *rallying* the pair? I’d expect the opposite.

  5. Tajul Akbar Bin Ismail on May 27th, 2010 08:47 GMT

    Well on Monday I called EURUSD will test 1.2100 sometime this week … has not happen yet :-(

  6. fms on May 27th, 2010 08:48 GMT

    Yesterday lows were almost there…

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