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Equity investors are looking at the long side of the market this morning as friendly talk out of Europe regarding the Irish debt crisis is renewing interest in risky assets.

Short-Covering Leads Euro Higher

Posted by Forexhound on May 21st, 2010

The short-covering rally which began on Wednesday continued in the Euro overnight ahead of Germany’s vote to approve the massive deal to save the common currency and keep in check the Euro Zone debt crisis.

Perceptions that the strong rally in the U.S. Dollar may lead to a drop in demand for commodities pressured both the Grain and Softs complexes on Monday.

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