8:57 EDT - While market sentiment appears to be stabilizing this week,
given political risks ahead of this weekend's Greek elections, "we
would fade any respite for risk currencies," notes Chris Walker at
UBS. He recommends adding to long USD and JPY positions. Fear gauges,
based on prices for currency options to hedge against exchange rate
swings over the coming week, have rallied significantly, Walker says,
highlighting market concern about volatility in the coming days. On
Tues, the euro is near-flat on the day against the dollar at $1.2490,
according to EBS via CQG. (matt.walter@dowjones.com)
(END) Dow Jones Newswires
June 12, 2012 08:57 ET (12:57 GMT)
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