From Bloomberg: Goldman Sachs Group Inc. recommended its clients exit the bets that the Mexican peso and the euro will rise against the dollar, citing “significant uncertainties” surrounding the Greece bailout negotiations.
The wagers on the euro and the peso have returned 0.3 percent and 2.9 percent, respectively, since Goldman recommended them on Jan. 25, analysts led by London-based Thomas Stolper wrote in a note.
“In the very near term, the risk-reward for our recommendations has deteriorated,” the analysts said in the report. “The compression in sovereign risk premia has run most of its course. The next few weeks will see significant uncertainties linked” to the Greek bailout negotiation, the analysts wrote….
Find out more at http://www.bloomberg.com/news/2012-02-15/goldman-says-exit-euro-mexican-peso-on-greece.html
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