FX DAILY STRATEGIST: Europe – 13 June 2011

  • Make-or-break week for EUR; but does agreement come too late to save risk appetite?
  • S&P500 at 1250 the tipping point — where capital preservation trumps return for investors, supporting USD
  • We still like short EURCHF; now long USDSEK too.

BNP Paribas
Corporate & Investment Banking