Narrowest since early February. EUR/USD sits at 1.4470 having been as high as 1.4481 so far.
EUR/USD extends rally to 1.4467 session high, presently at 1.4460. Now I know why they were buying earlier It’s a funny old world. Decent barrier option interest remains up at 1.4500.
Spanish bailout possibility completely out of the question
Has received official Portuguese request for aid Talks with Portugal to start “very quickly” Interest rate of EU loans to Portugal to be determinned in coming weeks
Treasury target 3.5-4.5 bln Bid to cover ratio 1.8 Average yield 3.568%
Contagion from Portugal absolutely ruled out (ofcourse it is)
FROB funds temporary help, not nationalisation 2011 will be a difficult year Will keep obliging banks to provision against bad debts Forecasts point to stronger economic recovery in H2 2012 Essential to keep up with ambitious pace of reforms International … Continue reading
Down from 50.8 in February, weaker than median forecast of 50.5.