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“Is It Really Only Tuesday?” One Trader Weighs In On Today’s Important News
Earlier this morning, we said the following about a series of comments from Mario Draghi that sent the euro and bund yields surging:
So for one thing, it probably wasn’t a great idea to open with something like “I’m going to sum up what I think in three messages,” because that doesn’t leave a whole lot of room for interpretation. Draghi is a good communicator so he should know it’s better to ramble and obfuscate given the prevailing circumstances.
Former FX trader Richard Breslow t