Speculation over early Tarp repayment boosting risk sentiment

It is always interesting to see which story grabs the markets attention in early New York trading and with the market in recent weeks in optimistic mode, maybe it should come as no surprise that the news that the US Treasury is hoping that ten banks can repay their Tarp funds early, is adding to the reflation trade. Eur/Usd has improved rapidly since New York came in no buffetting offers in the 1.3970/80 region with more sellers expected in front of 1.4000. Stops are seen on a break above the big figure.

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