Thursday April 17, 2008 - 21:54:43 GMT
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FX Blog- Market Snapshot Far East Open for 18 April 2008
GVI Market Snapshot- Far East Open for 18 April 2008
- Market Sentiment for the USD is ending Thursday N.Y. mixed after a volatile session. It appeared that traders were heading into U.S. trading expecting a run at the 1.60 EUR/USD line. However comments by EU President Junker in essence protesting the strength of the EUR vs. the USD triggered some second thoughts in the minds of traders.
- The USD is ending higher vs. the EUR and GBP against its Wednesday closes. The EUR/USD just barely made a new record high (1.5983) before retreating. The carry trade funding currencies, JPY and CHF, are weaker 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 closed. Eurozone bond prices were weaker. U.S. equities are closing about steady. U.S. bond prices are easier as well.
- The commodity currencies (AUD, CAD and NZD) are lower vs. the USD. Gold and oil are weaker.
- No major data are slated for Friday.
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