Archived IMT (2010.07.13)

USD EXTENDS LOSSES on intensifying risk bounce as GBP, CHF and CAD outperform major currencies. GBP EXTENDS GAINS above $1.51 as the focus on the 3.1% reading in CORE CPI overshadowed the retreat in the headline CPI to 3.2% y/y. $1.5140s appear vulnerable to a $1.5220 in the event that Intel earnings deliver another break above expectations (EXP $0.43 from -$0.07). EUR rallies against USD and JPY but struggling vs CHF, eyeing 1.32550, which is seen as a hedge against EURUSD longs. USDCAD eyes 1.0270s, ARABIC SPEAKERS WATCH Ashraf on CNBC-Arabia at 16:15 GMT (19:15 Dubai Time)