Forex - FX Market Skittish Before ECB

02 September 2010 @ 08:07 am EDT

The rally in risk appetite boosted by strong Chinese and Australian data yesterday was further encouraged after our last article by stronger than expected US ISM numbers. Forex risk correlated currencies, such as the Euro, moved lock-in-step with the data. EURUSD rallied above 1.2800 and the S&P climb above 1080. However, US rates weren't invited to the party as players remained unsure - 10 yr yields did jump roughly 10 bps, but have since retraced

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