Intraday Market Thoughts
Archived IMT (2008.12.30)
by
Dec 30, 2008 13:04
The most recent failed attempt to parity in FX was AUDUSDs failure to breach above 99 cents in July. The fundamentals for EURGBP are different due to the prolonged easing facing the BoE relative to the ECB. While both BoE and ECB are bound by an inflation mandate, the latter governs 15-nations, thereby, more likely to triggering fresh disparate rates of inflation acceleration.
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