With Bernanke showing a propensity to be more doveish
on policy this week, there is plenty of scope to continue the push higher.
This sense of what is at stake regionally may be what has spurred Erdogan to gamble on the proxy negotiation with Ocalan, conducted quietly through his doveish
intelligence chief, Hakan Fidan, since last October, and also entailing the use of Kurdish go-between politicians who have been allowed to visit the island prisoner three times.
The BoE seems to have been let off of the need to get inflation back in hand this year, which may lead to a more doveish
approach on interest rates," Mic Mills, head of electronic trading at ETX Capital, said.