0645 GMT [Dow Jones] The euro is expected to make further gains,
Morgan Stanley says, noting that although the Greek election result
has had a positive initial impact on the euro, "the real reason for
taking on further risk is found outside of Greece." Instead, the bank
says, it's down to the pressure building on Germany to make greater
concessions for growth measures. The bank also points out that HUF,
ZAR and AUD--the market's premium indicators of investor
sentiment--have gained the most overnight, indicating that the current
rally in risky bets [and USD drag] "has further legs." EUR/USD trades
at 1.2689.(katie.martin@dowjones.com)
Contact us in London. +44-20-7842-9464
Markettalk.eu@dowjones.com
(END) Dow Jones Newswires
June 18, 2012 02:45 ET (06:45 GMT)
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