TV

Angus Walker
After Friday’s US jobs figures, the markets appear to be sending out mixed signals. The numbers weren’t that bad according to Saxo Bank’s Head of FX Strategy John Hardy who says there was an “odd reaction”.
Squawk / 09 March 2012 at 20:07 GMT
John J Hardy John J Hardy
Head of FX Strategy / Saxo Bank
Denmark
Greece CDS' triggered, according to ISDA - only EUR 3 billion were still outstanding, but this establishes very important precedent. See Reuters story: http://www.reuters.com/article/2012/03/09/us-greece-cds-isda-trigger-idUSBRE82817B20120309
2y
Gustave Rieunier Gustave Rieunier
So far no significant reaction to this news in the FX market as this was somewhat expected. EUR/USD is still hovering just above 1.3100, level that has been holding all week. FX Options volatilities are also unchanged... for now.

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