Middle Eastern names still buying EUR/USD in recent trade. Although it’s not being specified, I’m pretty darn sure this includes sovereign interest.
We’re up at 1.3935.
Persistent buggers ain’t they……
Middle Eastern sovereigns vs Real money
Ummmmm, tricky call that one. I’m with the M/E peoples. Mainly cos I want this log jam unblocked, not cos of any great conviction (or interest for that matter)
Elsewhere Italian President Napolitano says: We must do everything to reduce risk to govt bonds, need credible commitment to cut debt, boost growth.
UPDATE: And there’s more
- Italian Northern League leader Bossi (I wonder if he is?) says govt at risk over reforms, alternative is new election.
