“Premature” is an interesting choice of words.
That said, I certainly can’t see it happening in my lifetime. I suspect we’ll see a breakup of the euro before a BRICS currency.
This article was written by Adam Button at www.forexlive.com.
I think there is a chance that Lagarde strikes a more-dovish tone than yesterday but in all likelihood we will hear the same things about data dependence. Right now the market is pricing in a 24% chance of a 50 bps cut. This article was written by Adam Button at www.forexlive.com.Share this:FacebookXLike this:Like Loading... Related
As the US stock trading gets started, the Dow is lower as Amex (-4.25%)and P&G (-1.75%) weigh on that index after earnings disappointed. The Nasdaq is moving higher led by Netflix after their earnings (+9.5%). A snapshot of the market is showing: Dow down -125.69 points or -0.29% at 43113S&P +14.76 points or +0.25% at...
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