The bad PMI data from Europe and the – to say the least – dismal economic trend survey from the IFO affected the market yesterday. EUR was under pressure across the board, yet EURUSD did manage to defend 129. After the FOMC meeting yesterday, at which nothing of importance was announced, investors began to regain confidence and risk appetite has increased drastically. Particularly the commodity-related currencies and EUR appreciated. GBP appreciated on rumours that Chinese investors will buy
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The Riksbank is expected to announce interest-rate change