Tuesday April 15, 2008 - 10:03:09 GMT
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FX Blog- Market Snapshot Europe Mid-Session 15 April 2008
GVI Market Snapshot- Europe Mid-Session
- Market Sentiment for the USD remains mostly neutral vs. the EUR as dealers continue to assess the long-term impact of the stronger than expected G7 statement on forex over the weekend. Today has seen the release of a considerably weaker than expected German ZEW sentiment survey. The GBP has eased following weaker than expected U.K. inflation data.
- The USD is easier vs. the EUR vs. its Monday close, and higher vs, the GBP. The carry trade funding currencies, JPY and CHF, are modestly firmer vs. the USD.
- The Shanghai Composite and Hong Kong exchanges gained today. The Nikkei advanced as well. Key European bourses are mixed to higher. Eurozone bond prices are better. U.S. equities are seen opening mixed later. U.S. bond prices are higher.
- The commodity currencies (AUD, CAD and NZD) are mixed vs. the USD. Gold and oil are better. Dealers are looking ahead to a slew of data, including: March U.S. PPI data, April Empire State PMI, February TIC data and April NAHB index.
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