Nothing too exciting with mostly month, quarter, fiscal year end activity dominating market movement. Euro-zone inflation jumped to record highs, IP in Japan continued to fall taking the Nikkei with it down 2.3% on close of Japanese fiscal year.
JPY - It was all about the fixing. Closed soft in New York on Friday, continuing into the Sydney open, dipping [...]
Tags: FOREX Market Commentary
USD
The more benign risk environment led to some stabilization in the USD towards the end of the week, but further deterioration in US economic data underscored the recessionary forces that are building in the economy. The broad USD index continues to trade just off recent lows and the argument for further US strength is [...]
Tags: FOREX Market Update
Incoming data suggest that the Eurozone is currently divided between a resilient North, with Germany and to a lesser extent France still enjoying decent cyclical conditions, and a struggling South, with Italy and Spain drifting into sub-potential growth rates. However, on balance, economic activity in the Eurozone remains sufficiently strong to help the hawks at [...]
Tags: Euro Zone