Intraday Market Thoughts

Archived IMT (2008.09.14)

by Ashraf Laidi
Sep 14, 2008 22:19

USD EXTENDS SELLING DESPITE talks of BANK OF AMERICA BUYING MERRILL LYNCH. Bloomberg says deal could happen as early as this evening (morning Tokyo session). WHITE HOUSE declines to comment on Lehman's possible receivership. THIS IS NOW A CASE OF BROAD DOLLAR SELLING (EUR 1.4349, GBPUSD 1.8067) combined with BROAD YEN STRENGTH.


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