Thursday April 3, 2008 - 10:04:38 GMT
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FX Blog- Market Snapshot Europe Mid-Session 3 April 2008
GVI Market Snapshot- Europe Mid-Session
- Market Sentiment about the USD has recovered again early on Thursday as those trying to establish USD shorts into the March employment report on Friday keep running into demand for the U.S. unit. One weight on the Euro today was the release of weaker than expected EZ retail sales data. Dealers have also been citing JPY selling out of Japan in the early days of the new Japanese fiscal year.
- The USD is up sharply vs. the EUR and the GBP from late Wednesday levels in volatile trade. The carry trade financing currencies, CHF and JPY, are weaker.
- Asian bourses closed higher. Key European bourses are mixed. U.S. equities are closing lower. U.S. bond prices are seen opening slightly lower.
- The commodity currencies (AUD, CAD and NZD) are mixed vs. the USD. Gold and oil are lower.
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