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14 Jun 2013
Flash: The WSJ Hilsenrath article - TD Securities
FXstreet.com (London) - The research team at TD Securities note that the WSJ Hilsenrath article has remained the big talking point through the European morning session.
EUR/USD lower
The dollar has strengthened while the team point out that yields on both Bunds and gilts were lower by up to 4bp with the biggest moves seen in the 5-10 year sector of the curve, European peripheral bond spreads are also trading a little tighter. They explain that the European equities have also followed Asian markets higher, although gains on European bourses are generally smaller.
The research team said there has been little in the way of economic data to process this morning so far with Canadian manufacturing sales and US IP and Michigan confidence to be the highlights of the North American session. "However, anticipation of next week’s FOMC statement is likely to remain the market’s main focus".
EUR/USD lower
The dollar has strengthened while the team point out that yields on both Bunds and gilts were lower by up to 4bp with the biggest moves seen in the 5-10 year sector of the curve, European peripheral bond spreads are also trading a little tighter. They explain that the European equities have also followed Asian markets higher, although gains on European bourses are generally smaller.
The research team said there has been little in the way of economic data to process this morning so far with Canadian manufacturing sales and US IP and Michigan confidence to be the highlights of the North American session. "However, anticipation of next week’s FOMC statement is likely to remain the market’s main focus".