by Chris Becker
Its all about currencies this week with news overnight that the IMF will add the Chinese Yuan to the reserve basket, the ECB set to ease letting the Euro fall once more, just as the US is set to tighten, while the RBA dribbles into a bucket. German CPI was the print to watch overnight and came in bang on target, barely registering and keeping the hyperinflationistas at the ECB at bay, ready for another round of stimulus.
Bonds were muted on the release with some very slight selling while Treasuries were the standout and firmed a couple points. Stocks on both sides of the Atlantic were mixed with slight rises in Europe offset by slight falls in the US, with futures following. Expect a listless day on the Aussie market as a result.