Drop In Euribor And EUR Libor Causes Sharp Drop In Euro As Funding-FX Correlation Persists

By Zero Hedge on July 30th 2010

As expected, the tight correlation between European interbank funding rates and the EURUSD FX rate continues: today, we have seen the first inflection point in both 3M Euribor and 3M EUR Libor, as both have dropped marginally lower, the first from 0.899 to 0.896, the second from 0.83344% to 0.8325%: this is the first decline since . . . → Read More: Drop In Euribor And EUR Libor Causes Sharp Drop In Euro As Funding-FX Correlation Persists

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Futures Swoon As Senate Accepts Expanded Fed Audit

By Zero Hedge on June 17th 2010

The EURJPY, and its immediate computerized secondary derivative, the general market, its taking a nosedive.

The reason, as HuffPo’s Ryan Grim reports, is that the Senate has now accepted an expanded Fed audit. As usual, we will believe it when we see the full list of banks bailed out by the Fed, the collateral they pledged, . . . → Read More: Futures Swoon As Senate Accepts Expanded Fed Audit

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