Wednesday February 20, 2008 - 11:10:07 GMT
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FX Blog: Market Snapshot Europe Mid-Session
GVI Market Snapshot-- Europe Mid-Session
- The USD is trading modestly firmer heading into the N.Y. after a weak session early on Tuesday. It appeared that N.Y. dealers took a cautious posture following the unexpected USD weakness on Tuesday.
- The spike higher in oil and gold prices unsettled the markets late Tuesday. The spikes saw equties in the U.S. give up their early gains.
- The commodity currencies (AUD, CAD and NZD) are mixed. Dealers will keeping a wary eye on the USD and commodity prices.
- Asian bourses closed weaker following the spike in energy prices. Key European bourses are weaker. U.S. equities are seen opening modestly weaker. U.S. bond prices are mixed.
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