Intraday Market Thoughts

Archived IMT (2009.02.17)

by Ashraf Laidi
Feb 17, 2009 11:08

GBP supported by Higher than expected CPI, damaging EUR down to 0.8844 and may extend losses towards 0.8770s, but tomorrow's release of BoE minutes may stabilize EURGBP. CAD is the worst perfomer of G10 FX on combination of risk aversion and dismal CAD data (see yesterday's Hot-Chart). Euro damaged on concerns of E.European banks. USDCAD targets 1.2695, while further USDNOK upside beyond 7.09 seen unsustainable. Yesterday's HotChart on AUDCAD will remain valid for today.


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