Archived IMT (2009.03.17)

Prospects for EURCAD are now charted in todays Hot-Chart. The Norwegian Krone is the best performing currency among the majors as of NY close, followed by the NZD, AUD and USD. GBP lags behind, but JPY is the worst performer, reflecting persistent improvement in risk appetite, which was signalled by the fact that the Nikkei-225 rallied 3% despite a negative Monday close in NY. Pesistent oil strength despite OPEC's supply hold along with higher price lows in the Baltic Dry Index require more attention.