Rumor Fatigue - BRIC Buying Half-Life Under One Minute
While 30 minutes ago Brazil's Central Bank policy head Mendes spoke in Brasilia saying that the "Euro is less important in Brazil international reserves", and "Brazil seeks reserve currencies with solid fiscal positions", we are now supposed to believe a rumor cited by Reuters that BRICs are setting up for coordinated buying of European peripheral sovereign debt?
It appears Rumor Fatigue has taken hold as the market rallied 6pts and then sold it all back within the same minute:
Will the AMF be investigating this one?
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