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Language: English Arabic

EURUSD

1.1851

USDJPY

111.52

GBPUSD

1.3772

AUDUSD

0.7485

USDCAD

1.2406

GBPJPY

153.59

EURJPY

132.15

AUDJPY

83.48

CADJPY

89.86

Silver

26.23

Intraday Market Thoughts

View Latest IMT | Archives Calendar | Titles by Month

Archived IMT (2008.09.08)

by Ashraf Laidi

Sep 8, 2008 20:30

USD gains vs European and antipodeans (CAD & AUD) but loses ground vs JPY as stocks are off their highs of the day. Gold slips to $800 oz. The speed of declines in EUR, GBP and AUD reconfirms the notion that the USD strength is a result of deepening weakness in Europe and Australia. This suggests that USD strength is re-established regardless of US developments.

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