Daily Currency Report
USDJPY and Yen crosses somewhat subdued
Mon, Nov 16 2009, 11:08 GMT
by John Clarke
ODL Securities | View company's profile
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Indication of higher demand for commodities gives investors further hope that the recovery is in full swing. This is prompting investors to buy higher risk currencies, allowing the Euro to gain on the USD.
The dollar trades heavy during Asia on reports that China is not ready to allow the CNY to strengthen just yet. EURUSD only respite from buying interest was when EURJPY was sold for the Tokyo fix. Gold continues its upward move testing the 1134 target zone, trades as high as 1131.00. USDJPY and Yen crosses somewhat subdued.
Market News
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US Retail Sales numbers are due to be released later today and is expected to show a slight improvement on the previous month
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UK CPI numbers are due for release on Tuesday, and US CPI is set to be released the following day
Major Economic News
Published on
Mon, Nov 16 2009, 11:15 GMT
Archive
- It is a very big day for economic data
Published On Thu, Mar 18 2010, 08:59 GMT
- The IMF Chief has said that the Yuan is ‘much undervalued'
Published On Wed, Mar 17 2010, 09:37 GMT
- Tuesday sees the FOMC announcement re US interest rates
Published On Mon, Mar 15 2010, 10:53 GMT
- EU Ministers are scheduled to meet on March 16th to discuss the Greek debt issue
Published On Thu, Mar 11 2010, 09:40 GMT
- The US Dollar stabilised as investors fled the Euro
Published On Wed, Mar 10 2010, 09:17 GMT
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