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Forex Flash: We remain skeptical of next week’s EU summit - UBS

By FXstreet.com,  June 22, 2012, 02:20:00 PM EDT

FXstreet.com (San Francisco) - Markets are relatively quiet just a couple of hours ahead of the New York close this Friday, with a bias towards risk appetite.

There were no major headlines from the day's ECOFIN meetings, while this weekend the BIS will host its global central banking meetings.

In the week ahead: "Investor focus will now switch to the latest EU Summit (June 28/29) but with expectations for policy responses somewhat elevated, we remain skeptical that any meaningful breakthrough will be achieved," comments UBS. "Elsewhere, GDP numbers will be released in the UK, US and Canada."




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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