FX Options Update: April 25, 2019
Summary: Saxo Bank's latest report on the FX Options space is now live, with a look at USD vols as the greenback breaks higher against a broad range of currencies.
Please click here to download your copy.
FX Update: Eurogroup meeting stumbles, risk appetite wobbles
Markets were jarred this morning by news that the Eurogroup has yet to reach an agreement on a coronavirus response package, though negotiations are set to continue tomorrow after going into the night last night. The euro has stabilized after a wobble. Elsewhere, Australia sovereign debt outlook downgraded and risk appetite looks caught in limbo.
Thoughts on the Eurogroup videoconference
After 16 hours of unsuccessful negotiations, the Eurogroup is suspended. Italy and the Netherlands are still at loggerheads. The discussion between finance ministers should resume on Thursday again. The press conference that was initially scheduled at 10 AM (Brussels Time) is canceled.
Market Quick Take - April 8, 2020
In breaking news this morning, the Eurogroup finance ministers have declared they were unable to come to agreement on a coronavirus response, clearly a development that will spook markets and the euro this morning. This on top of an unconvincing follow-up rally in the US yesterday could have risk appetite on edge today.
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