Thursday October 8, 2009 - 18:42:34 GMT
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GVI Forex Discussion Points 8 October 2009 Eveningfrom...
GVI Forex Discussion Points
"It feels like today‚Äôs BOE and ECB decisions were a lifetime ago by now. No rate changes were as expected. In his press conference, President Trichet engaged in what many felt was weak verbal intervention in support of the USD. Odds are this is not the end of this rhetoric.
Bad response to poor 30-yr auction.
There is that Kampo had been on the bid Wednesday at 88.00 (unofficial intervention?). Tokyo line in the sand? The $/yen 90-92 level is key level for Japanese exporters..."
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