FXST: Forex Flash: Markets could gradually move to a more cautious assessment –Wells Fargo
FXstreet.com (Córdoba) – Analysts at Wells Fargo point out that so far on Friday, yesterday’s euphoric reaction to the EU deal is giving way to a somewhat more sober mood. “Today’s FX moves are largely corrective to what has been a positive week for risk and a negative week for the US dollar,” wrote Vassili Serebriakov, Currency Strategist at Wells Fargo.
“We suspect however, that markets will gradually move to a more cautious assessment of the latest European policy moves, which could translate into a less positive backdrop for risk-sensitive currencies next week.”
