Denial is not a river in Egypt, it’s the Forex Word of the Day!
The IMF has denied that Ireland needs funding, Ireland has denied it needs funding…All we need now is for Bono to deny that Ireland needs funding…
No matter, EUR/USD is back under pressure as Mersch suggests there is no end in sight for ECB being the primary source of bank funding in the foreseeable future…EUR/USD trades at 1.3055 in very choppy trade.
