Intraday Market Thoughts

Archived IMT (2008.09.08)

by Ashraf Laidi
Sep 8, 2008 14:08

GBP, EUR and AUD continue their sharp declines as their weak fundamentals prevail. The currencies had initially jumped in Sunday evening (Monday Asian session) after the Treasury announcement due to a unwinding of risk appetite. GBPUSD eyes $1.7580, EURUSD aims at consolidation near $1.4200 base, while AUDUSD seen capped at 0.8345-50.


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