Wednesday October 24, 2007 - 20:43:39 GMT
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FX Blog: Market Snapshot Far East Open
GVI Market Snapshot-- Far East Open
- Key forex relationships tied to stock prices: USD/JPY, EUR/JPY and EUR/CHF, but EUR lagged an afternoon equity rebound.
- U.S. national housing data were even weaker than expected. Energy data were bullish for prices.
- MER earnings before the N.Y. open weak but about "as leaked". Some questions about remaining writedowns elsewhere.
- Australian CPI data reinforced rate hike speculation for next month. Many are playing long Aussie against the kiwi.
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