Markets are on hiatus ahead of ECB rate decision and early NFP?s ? will we break current ranges?
After having hit a high at 1.4201 yesterday on reports the Vice-finance minister of China wasn?t aware of his government?s request to discuss use of the IMF?s SDR as an alternative. This doesn?t come as a surprise on the part of the Chinese government as we all know they are the largest holders of foreign exchange reserves and U.S Treasuries and have been very vocal about the massive spending on…