The World Health Organization has raised its pandemic warning level to six on a scale of 1-6, according to the Swedish health ministry Reuters reports. This could lead to some risk aversion if it leads to travel cut backs, etc.
Risk aversion is the farthest thing from the markets mind as stocks, commodities and currencies all rally. EUR/USD is at session highs of 1.4073.
Macro funds are in buying currencies today after sheding FX exposure last week. Cable is a favored pair at the moment, along with AUD/USD.
