Tuesday October 30, 2007 - 11:23:32 GMT
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FX Blog: Market Snapshot Europe Mid-Session
GVI Market Snapshot-- Europe Mid-Session
- Traders have been setting up for a Fed rate cut on Wednesday. However an articlr by Greg IP in the WSJ casts some doubts on the certainty of a rate cut at all. A -50bp cut is seen as improbable.
- USD sentiment ahead of the Fed decision on Wednesday now has become uncertain.
- The commodity currencies are steady to lower vs. the JPY.
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