Trichet says a Greece exit from euro worst option
[AP] – European Central Bank chief Jean-Claude Trichet says if Greece were to leave the eurozone and revert to the drachma that would be the worst possible option.
Weekly Fundamental Forecast – 09.06.10
[DailyFX] – Dollar on the Verge of a Bearish Reversal as Support, Liquidity Dry Up Euro Forecast Turns Bullish on S&P 500 Rallies – Test of 1.30 Likely Japanese Yen: Currency Intervention Grows Ahead of BoJ Rate Decision British Pound May Rise With Stocks But Seasonal Factors, BOE Threaten Canadian Dollar Looks to BoC Rate Decision for Next Moves Australian Dollar May Gain Further on RBA Expectations, S&P Strength New Zealand Dollar Tracks Risk as Seasonal Forces Complicate Rebound Gold Continues to March Higher Despite Positive Speculative Lean
UPDATE – Brazil seeks curbs to forex gain on Petrobras
[at Reuters] – * Large Petrobras offering seen bringing dollar inflows * Brazil govt seeks to prevent steep forex appreciation * Real rises to highest since Dec. on inflows expectation
