Dollar-bullish Calyon dominates rankings
Calyon dominated this week's one-month historical index by maintaining its focus on risk appetite.
Daragh Maher, foreign exchange strategist at Calyon in London, said to calculate risk appetite, the bank looked at a series of indicators, including equity market volatility (EMV), credit spreads and emerging market bond spreads. He noted these indicators showed there was appetite for risk, with EMV falling sharply from 79 in October 2008 to peak at 50 before sliding to 17.9.
"At the end of 2009
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