FX & Money Markets

Macroeconomics, monetary policy, FX and money markets
Brussels scoop strikes gold

Brussels scoop strikes gold

With the euro zone debt crisis raging, any exclusive break on this saga is like gold dust. Brussels delivered with a scoop from a U.S. official who said Washington would be ready to support the extension of the EU’s safety net fund via an extra commitment of money from the International Monetary Fund. The story moved the euro, gold and U.S. stocks and Bloomberg was forced to pick it up, sourcing Reuters. The story highlighted a policy move that is ever more likely to take place.

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