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In the broadcast today: "Silly September" Review of the USD, EUR, JPY and GBP. With today's call from the head of global economic research at Goldman Sachs expressing his view that the foreign-exchange markets have
embarked on a “silly September”, we review the major currencies in what, as we have expected, has become a "September to remember" for the EUR and could very well be a memorable month for the JPY as the USD has recently managed to successfully rival the JPY as the
new funding currency for the carry trade, we analyze the EUR/USD, USD/JPY, GBP/USD and NZD/USD currency pairs in the beginning of the busy trading week, we examine the
market's
reaction to
the New Zealand Retail Sales, the Japanese and the Euro-zone Industrial Production reports, we
discuss new
forecasts from Goldman Sachs, Citigroup and UBS, and prepare
for the
important economic data scheduled for release in the trading session ahead.
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