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Archived IMT (2009.08.12)

by Ashraf Laidi
Aug 12, 2009 14:06

Deteriorating Asian equities were sufficient in triggering a fresh wave of bids in USD and USD against all major currencies, while USDJPY tested 95.10. The usual pre-FOMC consolidation will see a partial retracement in risk aversion trades, but USD will likely retain its upward bias into the decision, unless new asset purchases are announced. Aussie remains the weakest performing currency with AUDUSD capped at 0.8250-55, suggesting a renewed pullback towards 0.8180 coming up. $GBPUSD remains capped at $1.6530s.

 
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