Wednesday December 5, 2007 - 17:21:16 GMT
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FX Blog: Market Snapshot N.Y. Mid-Session
GVI Market Snapshot-- N.Y. Mid-session
- The USD is better vs. the majors. The GBP is sharply weaker. The commodity currencies are widely mixed.
- Focus Central Bank Decisions on Thursday. Market now expecting a BOE cut. The weak U.K. Services PMI data reinforces the case for a rate cut Thursday. ECB is about certain to hold steady.
- ADP data much stronger than expected. Data causeing upward revisions in the Friday jobs data forecasts.
- Equities are stronger. Treasuries are weaker.
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