Might not be a seperate issue of discussion, but it’ll sure get discussed alot.
I was earlier reading a comment by Goldman’s Jim O’Neil who has opined that the move to relax yuan’s peg to dollar “Is bullish for risky assets. China has become more optimistic about growth and doesn’t see the euro zone debt crisis having a material effect.”
All I can say is I hope the Chinese are right regarding the euro zone debt crisis.
EUR/USD steady around 1.2450.
