Monday March 24, 2008 - 10:08:31 GMT
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FX Blog- Market Snapshot Europe Mid-Session 24 March 2008
GVI Market Snapshot- Early North America
- The USD is up vs. the EUR and GBP in early Easter Monday trade. Dealers say that better U.S. momentum from late last week has carried forward in holiday trade in the majority of key overseas centers. Carry trade financing currencies, CHF and JPY, are weaker vs. the USD.
- Asian bourses closed steady to weaker. The Hang Seng was closed on Monday. Worriers about another policy tightening weighed on the Shanghai index. Key European bourses are on holiday. The early call for the open of U.S. equities is higher. U.S. bond prices are lower.
- The commodity currencies (AUD and NZD) are higher vs. the USD. The CAD is firmer. Gold and oil prices are modestly lower. Today wall see existing home sales from the U.S.
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