Thursday October 8, 2009 - 09:23:23 GMT
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FX Blog- Market Snapshot- Europe Mid-session for 8 October 2009from...
GVI Forex Discussion Points
"The markets are not expecting rate changes from the BOE or ECB today, but the focus will be on the press conference by President Trichet. Two items that will be watched closely are what he will say about strategy for an eventual movement away from quantitative ease and his currency comments. We expect he will be speaking in favor of a strong USD.
Talk yesterday that Kampo had been on the bid Wednesday at 88.00 (unofficial intervention?). Tokyo drawning a line in the sand? 90-92 is the key level for Japanese exporters... "
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