SubscribeAsian Session: USD Weakness Resumes
June 10th, 2009 • Related • Filed Under
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As discussed in earlier reports, we believed that the pricing in of a Fed rate hike in late 2009 was premature. It seems that the markets are now in agreement. The USD was weaker across the board in the Asian session, as risk appetite returned (regional equity indexes were broadly higher).The EurUsd traded up to 1.4130 from 1.4060, while the UsdJpy slid to 97.10 before rallying back to 97.60…. | ||||||||||||||||||||
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