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Dollar’s demise gathers pace | Forex Crunch ;.. Also, USD/JPY fell below 78.0 to a 7m low, cable is at a 4m high near 1.610 and the Aussie is just under 1.05. One rationale for the continued decline in the greenback rests with an expectation that the Fed will announce substantive QE tomorrow. Also worth noting is that in the aftermath of Mario Draghi’s OMT announcement, Euro-denominated corporate bond issuance has suddenly taken off – on Monday, there were 11 deals priced worth at least EUR 500m, the highest for a single day since the inception of the single currency.
Guest post by Forex Broker FxPro
In the first six sessions of the current month, some EUR 26bn of corporate bond deals have been priced up, and there is plenty more to come given investor appetite for yield and the fact that European securities markets have essentially been shut for the past half year.
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Also, USD/JPY fell below 78.0 to a 7m low, cable is at a 4m high near 1.610 and the Aussie is just under 1.05. One rationale for the continued decline in the greenback rests with an expectation that the Fed will announce substantive QE tomorrow. Also worth noting is that in the aftermath of Mario Draghi’s OMT announcement, Euro-denominated corporate bond issuance has suddenly taken off – on Monday, there were 11 deals priced worth at least EUR 500m, the highest for a single day since the inception of the single currency.
Guest post by Forex Broker FxPro
In the first six sessions of the current month, some EUR 26bn of corporate bond deals have been priced up, and there is plenty more to come given investor appetite for yield and the fact that European securities markets have essentially been shut for the past half year.
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