Tuesday April 15, 2008 - 20:39:25 GMT
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FX Blog- Market Snapshot Far Eat Open 15 April 2008
GVI Market Snapshot- Far East Open
Market Sentiment for the USD is ending in N.Y. a bit better as dealers continue to assess the long-term impact of the stronger than expected G7 statement on forex over the weekend. Tuesday saw the release of a considerably weaker than expected German ZEW sentiment survey and several statements by European politicians in opposition to a higher EUR. The GBP eased following weaker than expected U.K. inflation data early in the London session.
The USD is now higher vs. the EUR vs. its Monday close, and up strongly vs, the GBP. The carry trade funding currencies, JPY and CHF, are weaker vs. the USD.
The Shanghai Composite and Hong Kong exchanges gained. The Nikkei advanced as well. Key European bourses closed higher. Eurozone bond prices are weaker. U.S. equities are ending higher. U.S. bond prices have eased.
The commodity currencies (AUD, CAD and NZD) are mixed to lower vs. the USD. Gold and oil are better. March U.S. PPI data, April Empire State PMI, February TIC data were taken in stride on Tuesday. Wednesday sees the key U.S. CPI report, Housing Starts and Industrial Production.
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