Finding your currency bearings in 2011
It has been an interesting start to the year, with markets taking plenty of time to find their bearings and little sign of any overarching trends so far. Some general themes have developed but none has provided clear direction for the foreign exchange markets.
One evident theme has been an improvement in sentiment towards the peripheral European countries as hopes of an extension of the European Financial Stability Facility (EFSF) have increased. This partly explains the recent appreciation of
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