Tuesday December 18, 2007 - 16:56:38 GMT
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FX Blog: Market Snapshot N.Y. Mid-Session
GVI Market Snapshot-- N.Y. Mid-Session
- Pre-holiday thin markets have arrived.
- Many are looking for direction in the majors. GBP weaker following softer than expected U.K. inflation data, which could provide the BOE with a window for additional easing.
- The commodity currencies are now weaker. The RBA policy meeting minutes were hawkish. Left the door open for a February rate hike.
- Equity markets are about stady at this hour. Fixed income prices are higher.
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