Monday October 29, 2007 - 10:14:45 GMT
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FX Blog: Market Snapshot Europe Mid-Session
GVI Market Snapshot-- Europe Mid-session
- USD sentiment ahead of the Fed remains bearish. The EUR/USD is making new highs again.
- Traders are setting up for a Fed rate cut on Wednesday. Opinions mostly favor a -25bp easing, but a significant minority expects -50 bps.
- Rising crude prices remain a focus. $100 a barrel is in range.
- The commodity currencies are trading higher vs. the JPY. The CAD and AUD have made new highs for the move vs. the USD.
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