Monday December 10, 2007 - 11:56:59 GMT
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FX Blog: Market Snapshot European Closes
GVI Market Snapshot-- Europe Mid-Session
- The USD is about steady vs. the majors. GBP is higher after a hotter than expected PPI report.
- Dealers feel a -25bp rate cut on Tuesday is the most likely outcome for that meeting.
- The commodity currencies are firmer. Equities are seen opening higher. Fixed income markets are better.
- Big sub-prime write-down by a Swiss bank keeping LIBOR funding issues on the front page.
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