Continued US dollar weakness pushed the euro/US dollar pair higher for the third week in four, leaving the single currency just short of the 1.50 mark in what promises to be an exciting week of trading.
The effective yield on two-year notes of the Greek government has exceeded 20% and is just one of several risk aversion factors which contributed to the turmoil across global markets Monday.
Yields on the five-year US Treasury note have seen a slow process of attrition over the last few weeks despite concerns about the potential expiration of QE2.
Today we once again think about the inflation/deflation debate, turn our eyes to Europe and the very interesting election happening there this Sunday, and speculate a little about what could derail the US economy.
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