Friday, September 17, 2010

FX Overnight

No Yen reversal and Euro hits .76 retrace . Oh and then there's this;

Sobering report by Barclays warns Ireland may yet need IMF

The bank said a credit line from the IMF could "provide a suitable funding vehicle should this be required by the Irish Government''.
The bank said the cost of bank restructurings (which could come to 31pc of GDP) and poor economic prospects were "unsettling the Irish bond market''

 I don't think that this is new info, but Barclays is after all Barclays and likes to paint an optimistic picture.
Doesn't seem to be bothering the Euro too much yet.
Dec Euro

 Dec Yen

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