Thursday April 17, 2008 - 10:04:00 GMT
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FX Blog- Market Snapshot Europe Mid-Session 17 April 2008
GVI Market Snapshot- Europe Mid-Session
- Market Sentiment for the USD remains negative heading into Thursday N.Y. trading. The USD is ending down vs. the EUR and GBP against its Wednesday closes. The EUR/USD has just barely made a new record high (1.5983) as it approaches the psychological 1.60 line. The carry trade funding currencies, JPY and CHF, are mixed vs. the USD.
- The Shanghai Composite fell following the. PBOC hike in its bank reserve requirements on Wednesday. The Hang Seng index closed higher in Hong Kong. The tech-heavy Nikkei advanced following more better than expected earnings results. Key European bourses are higher. Eurozone bond prices are weaker. U.S. equities are currently seen opening mixed later. U.S. bond prices are easier as well.
- The commodity currencies (AUD, CAD and NZD) are modestly lower vs. the USD. Gold and oil are higher.
- Today sees the release of weekly jobless claims and the Philly Fed index.
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