Market Review Better than expected Initial Jobless claims and on-going ECB monetary policy speculation were the main drivers of price action yesterday. Merkel waded into the monetary policy debate by saying that if Germany was to be looked at in isolation then interest rates need to be raised. This reversed some of the Euro weakness that had been seen earlier in the week after the likes of Weidmann and Asmussen had indicated that a rate cut was possible if the economic data warranted it.
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The EURUSD and T-Notes and support stocks and crude