FX DAILY STRATEGIST: Europe – 09 June 2011

  • Trichet’s message key for euro Wednesday, but we look to fade any knee jerk rally on ‘vigilant’.
  • Last Friday’s Greek-deal optimism looking like a distant memory – we still favour EURCHF shorts
  • With risk pressured, yen crosses – AUDJPY in particular – remain vulnerable.

BNP Paribas
Corporate & Investment Banking