Haven’t seen it though.
Apparently it’s talking about Merkozy coming up with a growth and competitveness fund to be presented at the January 30th summit.
The funds will apparently come from an unused portion of EU funds that were dedicated to less developed countries last year.
Not sure how you trade that bit of news. Just thought I’d pass it on.
EUR/USD trades at 1.2858, 3 pips firmer than when I sat down. Wow!!!
It’s all go. Market seemingly wants a peek at those auction results before committing itself with any gusto.