limassol 10:03 GMT December 2, 2011
Subject: Market Outlook by ACFX
EUR/USD The euro pared gains versus the dollar and yen as concern increased that European leaders will struggle to resolve the region’s debt crisis even after central banks moved to ease dollar borrowing for banks.
The euro appreciated 0.1 percent to $1.3461 at 5 p.m. in New York after surging as much as 1.6 percent yesterday, the most on an intraday basis since Oct. 27.
NZD/USD New Zealand dollar set for a weekly gain against most major peers before U.S. data forecast to show employers added workers at a faster pace, boosting demand for higher-yielding assets..
New Zealand’s dollar bought 78 U.S. cents from 77.94, rising 5.3 percent since Nov. 25.
AUD/USD Australia’s dollar fell from almost a two-week high versus its U.S. counterpart after government reports showed consumer spending slowed and building approvals dropped.
Australia’s dollar fell 0.7 percent to $1.0213 at 12:21 p.m. in New York
Boston eFX 01:23 GMT December 2, 2011
Subject: EUR/USD Daily Asia Outlook 12/02
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(Dow Jones via eFXnews) EUR/USD - to trade with risks skewed higher as markets await U.S. jobs report. EUR/USD supported as yields on euro-zone sovereign debt fell after yesterday's successful Spanish and French debt auctions; rising hopes of more decisive action from the ECB, and potentially the IMF, to resolve region's debt crisis as German Finance Minister Schaueble said his country has dropped its opposition to lending money to the IMF; French President Sarkozy saying his country and Germany would push for European Union treaty changes to preserve region's monetary union and protect the euro, while ECB President Draghi told European Parliament that the central bank could expand its intervention once governments agree to strengthen the euro zone's budget rules. EUR/USD also supported by sovereign demand for euro. But EUR/USD gains tempered by lingering worries over euro-zone debt crisis; fears of euro-zone recession; expectations of rate cut from ECB next week; positions adjustment before weekend.
Data focus: 1000 GMT euro-zone October PPI.
EUR/USD daily chart.....
EUR/USD Daily Asia Outlook 12/02 (full story)
Boston eFX 01:23 GMT December 2, 2011
Subject: GBP/USD Daily Asia Outlook 12/02
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(Dow Jones via eFXnews) GBP/USD - to trade with risks skewed higher before U.S. jobs report. GBP/USD supported by stronger investor risk appetite; smaller-than-expected drop in UK manufacturing PMI to 47.6 in November (vs 47.0 forecast) from 47.8 in October. But GBP/USD topside limited by expectations of more quantitative easing from Bank of England MPC in coming months; positions adjustment before weekend. Data focus: 0930 GMT UK November construction PMI.
Daily chart ....
GBP/USD Daily Asia Outlook 12/02 (full story)
Boston eFX 01:23 GMT December 2, 2011
Subject: USD/CAD Daily Asia Outlook 12/02
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(Dow Jones via eFXnews) USD/CAD - to trade with risks skewed lower before U.S. payrolls data. USD/CAD undermined by stronger investor risk tolerance. But USD/CAD losses tempered by softer commodity and oil prices (Nymex crude settled down 16 cents yesterday at $100.20/bbl); positions adjustment before weekend. Data focus: 1200 GMT Canada November labor force survey.
USD/CAD daily chart...
USD/CAD Daily Asia Outlook 12/02 (full story)
Boston eFX 01:23 GMT December 2, 2011
Subject: USD/CHF Daily Asia Outlook 12/02
Reply
(Dow Jones via eFXnews) USD/CHF - to trade with risks skewed lower before U.S. jobs report. USD/CHF undermined by broadly weaker USD undertone as risk appetite improves; stronger-than-expected 0.2% growth in Swiss 3Q GDP (vs +0.1% forecast). But USD/CHF losses tempered by expectations of Swiss National Bank's CHF-selling intervention -- Swiss government Wednesday said it may consider negative interest rates and other measures to assist in SNB's battle against CHF appreciation; positions adjustment before weekend.
Data focus; 0815 GMT Swiss October retail sales.
Daily chart.....
USD/CHF Daily Asia Outlook 12/02 (full story)
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