Happy Dayz

:(
  • Global recovery will be slow and uneven, growth will come from emerging markets
  • Real GDP in euro area may have contracted in final months of 2011, expected to pick up in 2012
  • Headline inflation in euro area expected to moderate gradually in 2012
  • Europe has not done enough to convince markets it can deal with debt crisis

That last comment stings a bit. EUR/USD down again at 1.3135 after Wen-induced spike rally.