Friday December 14, 2007 - 10:55:39 GMT
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FX Blog: Market Snapshot Europe Mid-Session
GVI Market Snapshot-- Europe Mid-Session
- The USD trading broadly higher vs. the majors. The unit has continued to benefit from the better than expected retail sales data and a hotter than predicted PPI report yesterday.
- The JPY has been hit by a weaker than expected BOJ quarterly Tankan Big Manufacturers Diffusion index. BOJ policy is now seen on hold well into 2008.
- The commodity curencies (AUD and NZD) are weaker. CAD is about steady. Gold and oil are mixed.
- Equity markets are currently seen opening lower. Fixed income markets have improved.
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