Intraday Market Thoughts

Weidmann, Euro & Commodity Currencies

by Ashraf Laidi
Apr 17, 2013 18:15

The irony of all ironies in FX: Bundesbank President Jens Weidmann hinted at lower interest rates if information warrants it, while Japanese officials are verbally supporting the yen (closely monitoring FX movements) ahead of the G20 in order to deflect accusations of currency manipulation. Both of these indications are unusual and unlikely to hold.  And our insights on the BoC decision and USDCAD also included here, alongside a chart of commodity currencies. 

Click To Enlarge
Weidmann, Euro & Commodity Currencies - Commodity Currencies Cad Apr 17 2013 (Chart 1)



Latest IMTs