Friday December 7, 2007 - 10:41:33 GMT
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FX Blog: Market Snapshot Europe Mid-Session
GVI Market Snapshot-- Europe Mid-Session
- The USD is about steady vs. the majors heading into the November employment report.
- Barring a substantially weaker than expected report. Dealers feel a -25bp rate cut next Tuesday is the most likely outcome for that meeting.
- The commodity currencies are weaker on a reversal of a modest move back into carry trades yesterday. Gold and oil are softer.
- Equities are seen opening softer. U.S. Treasuries are mixed.
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