Monday, December 5, 2016

Further Eurozone Uncertainty Ahead





Further Eurozone Uncertainty Ahead
by Saktiandi Supaat


FX Research





The intention of PM Renzi to resign in the wake of voter rejection of his proposed amendments to the Italian constitution to reform the appointment and powers of the Senate in Sun’s referendum has unsettled markets. This raises new speculation of an Italian referendum on exiting the Eurozone next year, rising BTP yields and weighing on the EUR. The referendum results spurred purchases of UST sending the yield curve lower ...

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