Currency Comments
USD - The mains story of the week for Dollar is boring sessions. Well on this Dollar will not be going anywhere absolutely nowhere. Now people starting to belive that Fed will not going to raise the rate further. And they are pretty doubtfull about rates reducing plans.
EUR - Trichet generally messaging to the market that ECB will be carry on the rising rate into 2007 and Trichet is really helping the Euro. If so then just watch out for the EUR/GBP and EUR?USD and i mean to say that some more weakness into Yen against Euro. Anyways from here on i believe that ECB is going to hike the rate in December. In G20 Trichet again and again stated the word "vigilance on inflation".
JPY - As i read into the G20 Report i didnt get anything related to the carry trades. Even i dare to bet that Yen will underperform in the near term mainly gainst Euro.
EUR - Trichet generally messaging to the market that ECB will be carry on the rising rate into 2007 and Trichet is really helping the Euro. If so then just watch out for the EUR/GBP and EUR?USD and i mean to say that some more weakness into Yen against Euro. Anyways from here on i believe that ECB is going to hike the rate in December. In G20 Trichet again and again stated the word "vigilance on inflation".
JPY - As i read into the G20 Report i didnt get anything related to the carry trades. Even i dare to bet that Yen will underperform in the near term mainly gainst Euro.
posted by Naveen Pantera at 8:06 PM
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