Risk Appetite Surges But EURUSD Fails To Capitalize

G10 Advancers and Decliners vs USDGBP 1.42 EUR 1.02 CHF 0.28 JPY -1.77Equity markets have had an emphatically positive reaction to the EU bailout fund plan, with both European and US indices posting impressively strong gains. Spain’s IBEX is up nearly 13% on the day, and the S&P 500 has traded around 4% higher since the open. The reaction in currency markets however, has been altogether less durable; after touching lows of 1.2522 on Friday, EURUSD has very… Read More …