quick thought on the euro
on February 18, 2010 in Currencies, ECB 3 Comments
The 100 day moving average of the dollar index has started moving up, and the 200 day isn’t far behind.
This means futures based and other trend followers will start piling in, depending on their
system parameters. With the dollar index 57.6% euro this will but serious downward pressure on the euro for purely technical reasons.
Where do euribor swaps get priced if euribor settings cease?
Are there default provisions to deal with this possibility?