Intraday Market Thoughts

Archived IMT (2008.09.08)

by Ashraf Laidi
Sep 8, 2008 20:30

USD gains vs European and antipodeans (CAD & AUD) but loses ground vs JPY as stocks are off their highs of the day. Gold slips to $800 oz. The speed of declines in EUR, GBP and AUD reconfirms the notion that the USD strength is a result of deepening weakness in Europe and Australia. This suggests that USD strength is re-established regardless of US developments.


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