06.03.12

My Big Fat Greek Restructuring – Markets Eye ‘Big Thursday’

Euro continues to fall versus the majors, Thursdays PSI outcome crucial.
Risk Off move sends overnight stocks lower to benefit dollar.
Sterling shrugs off weak economic data as GBP/EUR trades higher.
Reserve Bank of Australia leaves interest rates unchanged.
Pound posts over 1% gains versus Aussie and Kiwi dollars.

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Categories: Market Commentary.