On October 25 I wrote about what, at the time, looked like an overvalued EURUSD (it was 1.3950). Zero Hedge had an article attributing the strength to ongoing capital repatriation by EU (primarily French) banks. My words:
As long as there is Euro repa…
Up for the early openers but they’re having second thoughts: Kiwis +0.5%, Aussies +0.3%, Nikkers +0.6% and Sth Korea +0.2%.
Gold +3.9% is leading the Aussie market with Financials at the other end, -0.6%.
A blip up for the early openers but they’re having second thoughts: Kiwis +0.5%, Aussies +0.2%, Nikkers +0.8%, Sth Korea +0.2% and Singers +0.4%.
Aussie sectors are mixed: Consumer Staples and REITS, both +1.2%, are leading the greens and Healthcare i…
