IMF managing director Strauss-Kahn is upbeat o the global recovery, saying he sees it taking hold in the first half of 2010 and that recent signs are that it could happen sooner.Unemployment will not decline for some time though, he warns.
Likes like a greeenlight to buy the reflation trade from the IMF chief.
That trade is having a break today after a very impressive run in the last two-plus weeks. EUR/USD trades at 1.4718 while gold is at $1012, about $11 below recent highs. Oil is consolidating around $72.
