Euro Ends Seven-Day Rally Versus Yen Amid Crisis Talks – Bloomberg 10-08-12

Salient to Investors:

Lower implied volatility among major currencies makes investments in currencies with higher key lending rates more attractive because the risk in such trades is that market moves will erase profit.

Peter Rosenstreich at Swissquote Bank said the ECB’s planned purchases of government bonds to curb the debt crisis will help support the euro, which will appreciate to $1.32.

Read the full article at http://www.bloomberg.com/news/2012-10-07/euro-weakens-against-most-peers-before-german-production-data.html