Intraday Market Thoughts

Archived IMT (2008.09.12)

by Ashraf Laidi
Sep 12, 2008 4:24

RISK APPETITE IMPROVES further after a Washington Post report reveals US Treasury and Federal Reserve are in charge of finding a viable buyer for Lehman Bros. This has led to a last minute rally in Wall Street, giving rise to gains in high yielding currencies GBP, AUD, NZD, all at the expense of the JPY and CHF. But will Friday's US retail sales release help maintain the recent increase in risl appetite (reduction in fear)?


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