Thursday December 6, 2007 - 21:26:37 GMT
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FX Blog: Market Snapshot Far East Open
GVI Market Snapshot-- Far East Open
- The USD has suffered a modest setback vs. Europe. The GBP is about steady after the BOE decision to cut rates by -25bp. The JPY is weaker vs. the USD.
- As for the U.S., much better than expected ADP private employment survey blindsided traders and saw some precautionary long liquidations of EUR/USD longs on Wednesday.
- The commodity currencies are stronger on a modest move back into carry trades.
- Equities closed stronger. Treasuries were weaker.
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