Monday January 7, 2008 - 13:25:37 GMT
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FX Blog: Market Snapshot Europe Mid-Session
GVI Market Snapshot-- Europe Mid-Session
- The USD has bounced vs. the EUR and the JPY. The GBP is trading abiut steady.
- Dealers note that no key U.S. data are due. The focus will be on a number of Fed comments today. Friday's employment data reinforced the bearish market view of the U.S. economy.
- The commodity currencies (AUD and NZD) are higher today. Cad is steady Gold and oil are weaker.
- U.S. equities are currently seen opening higher later. Bonds are weaker. European equities are better. The Nikkei sold off again today.
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