Intraday Market Thoughts

Archived IMT (2009.02.09)

by Ashraf Laidi
Feb 9, 2009 18:50

Markets' hesitation reflects a yet-to-be approved stimulus package by the U.S. Senate. Treasury Secretary Geithner will speak again tomorrow at 16:00 GMT to unveil the details of the financial rescue package, which includes the Fed's TALF plan. Aussie gradually emerging from the effect of the fires to post broad gains versus major FX, even outperforming GBP and EUR. CAD starting to lose ground against CHF, while NOK has the upper hand versus all majors, in line with today's HotChart (accessed ia password).


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