Posts Tagged ‘ resurgence ’
In the midst of the Eurozone debt crisis, forex investors have largely stopped paying attention to interest rate differentials and focused the brunt of their attention on risk. Soon enough, however, there will be a resurgence in the carry trade, at which point interest rates will return to the forefront of investors consciousness. From the standpoint of the [ READ MORE ]
Disappointing economic data was largely ignored today, as the Dow rallied more than 80 points to make up for some of yesterday’s losses. Markets were able to advance mainly on several high profile earnings announcements from Target and Home Depot which topped market estimates. In addition better data from Europe managed to keep risk aversion [ READ MORE ]
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