EUR/USD Comment

Hi all,

while this is not the daily review, i just wish to highlight that Dubai World will pay Nakheel PJSC’s $4.1 billion Islamic sukuk bonds due today, the government of Dubai said in an emailed statement due to support from Abu Dhabi as reported by Bloomberg.

This may add more momentum to the risk seeking theme, weakening the US Dollar as investors seek higher yields.

If the current 1.4665+ is broken, we may see 1.4719+.

Trade Safe.