See what's driving the bid and ask in the forex market with the daily "Morning Currency Wrap". Keep up to date with the geopolitical events that are on a trader's mind. Learn about the current trading themes and occasionally pick up a trade call.
Wednesday, April 13, 2011
World's Reserve Managers Sold Euro Bonds for CAD, AUD, & Gold
It looks like central bankers around the world were busy de-risking their reserves by selling euro-zone bonds issued by the pigs and replacing them with 'non-traditional' reserve currencies such as the Australian and Canadian dollars, and gold. Read the results of the poll conducted by Central Banking Publications over the winter of 2010-2011 in this Reuters article here.
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