FX Markets Shrug Off Negative Headlines

Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD EUR 0.41 GBP 0.27 JPY 0.08 CHF 0.04 Risk appetite has managed to stabilize overnight in the face of disappointing headlines. Some comfort was taken from FT The Financial Times reported French President Sarkozy stated that "an unprecedented financial crisis will lead us to take important, very important decisions in the coming days". While with some slightly overly optimistic reporting the Guardian newspaper suggested… Read More …