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Forex Flash: News of Berlusconi and Basel III pull markets down – TD Securities

By FXstreet.com,  January 07, 2013, 06:59:00 AM EDT

FXstreet.com (Barcelona) - TD Securities analysts believe the EUR started underperforming on Monday after "news that Berlusconi's PDL party had struck a deal to work with the Northern League, and comments from Berlusconi that in the case of a win, he would prefer to be the economy minister and have PDL secretary Alfano as Prime Minister", wrote analyst Jacqui Douglas, pointing also to market reaction to "news that Basel III will be less onerous than previously expected, which  has led financial stocks to outperform broader markets this morning".




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



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