Rumor Rerun: EURUSD Soars On News Proposal ECB To Lend To IMF "Gaining Traction"

When at first you don't succeed... At this point they aren't even trying: the main upward moving rumor yesterday, for those who have an HFT algo's memory span, was that somehow the ECB would circumvent its charter, something which was expressly denied by every German involved, and lend directly to the IMF which in turn would lend to troubled countries. Because nobody would see through that particular ruse. Well the rumor is back, sending the EURUSDS a good 60 pips higher in no time

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