The G20 didn’t achieve much, as usual, and the FX market is basically unchanged from the NY close with EUR/USD trading around 1.3700, USD/JPY 83.10 and cable at 1.6250 in early interbank trade.
Tensions in Libya have escalated over the weekend, Angela Merkel’s CDU party were routed in the Hamburg state election and two Irish banks were behind the spike in emergency borrowing from the ECB.
Good luck today.
