Tuesday April 1, 2008 - 09:55:08 GMT
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FX Blog- Market Snapshot Europe Mid-Session 1 April 2008
GVI Market Snapshot- Europe Mid-Session
Market Sentiment about the USD has improve since mid-session Monday in NYC. However, the unit remains potentially at risk to a weak ISM PMI report today and expected poor March employment data at the end of the week.
The USD is firmer vs. the EUR and the GBP from late Monday levels. The carry trade financing currencies, CHF and JPY, are weaker.
Asian bourses closed higher, except in China. The Shanghai Composite fell sharply again after the PBOC maintained a hawkish monetary policy posture. Key European bourses are higher. U.S. equities are seen opening better later. U.S. bond prices are currently weaker.
The commodity currencies (AUD, CAD and NZD) are mostly weaker vs. the USD. The CAD is steady. The RBA kept policy steady as expected. Gold and oil are weaker.
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