Tuesday March 18, 2008 - 10:05:17 GMT
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FX Blog- Market Snapshot Europe Mid-Session 18 March 2008
GVI Market Snapshot- Europe Mid-Session
- The USD is opening weaker vs. the EUR and. the GBP against late Monday levels. The carry trade financing currencies, CHF and JPY, are steady to weaker.
- U.K. Inflation data were softer than expected. Today sees Canadian inflation data and a full calendar from the U.S.
- The focus on risk aversion plays following the Fed and Bear Stearns developments over the weekend seems to have waned somewhat today. The commodity currencies (AUD, CAD and NZD) are mostly stronger vs. the USD. Gold and oil prices have both rebounded.
- Asian bourses mostly closed higher. The Shanghai Exchange eased ahead of an announcement of another policy tightening by the PBOC. Key European bourses are trading higher. U.S. bourses are currently seen opening firmer. U.S. bond prices are weaker.
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