There hasn't been this much M&A chatter since before the crisis.
Two huge deals takeovers have been announced in the past 24 hours, both US-based companies buying in Europe.
The first was a $70 billion takeover of UK based BG Group from Dutch headquartered and UK registered Shell. The second -- just announced is a roughly $30 billion deal for Ireland-based Perrigo from US-based Mylan.
That's two companies taking advantage of the strong US dollar to buy assets elsewhere. Now the FX impact of deals is always hard to quantify. Perrigo is listed in the US and the takeover is in dollars so their might not be that much of an FX angle but signs of forex and rate-driven real money moves are everywhere.
Dow Jones today reports that Mexico launched a 100-year euro denominated bond today with a 4.2% yield. Corporates -- like Apple and Berkshire Hathaway -- have issued euro-denominated debt and it will surely be converted right back to pesos as the Apple and Berkshire bonds were.
For retail traders, it's not the best news because the timing of the flows is tough to track down.
