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Forex Flash: Perception that the global economy healthier than expected – BBH

By FXstreet.com,  January 14, 2013, 09:51:00 AM EDT

FXstreet.com (Barcelona) - Brown Brothers Harriman analysts that there is a growing perception shaping the investment climate, that the global economy is in better shape than many had feared.

The ECB has began pushing down European tail risks and the EU signalled that it is prepared to give several countries, including Spain, France and Italy, more time to reach its deficit targets. The team note that the Basel Accord´s more liberal definition of liquid instruments and a longer period for the adjustment also encourages risk taking. To the east they note that China's economy appears to have found a base after seven quarters of slowing growth whilst US politicians averted the worst of the fiscal cliff, meaning that recession is significantly less likely.




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

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