Risk appetite on the back foot: Credit Agricole
Orlando Green, senior market strategist with Credit Agricole, tells NDTV Profit that risk appetite is noticeably on the back foot after the US saw Congressional support for military action against Syria. He indicated that the increased sense of urgency on Syria has pushed down US Treasury yields and hit demand for emerging market assets such as high-yielding currencies in Asia. He also deliberated on the possibility of an IMF credit line for battered emerging nations.
