Archived IMT (2009.05.15)

Dollar and yen weakening after NY Fed Empire State survey -4.6 from -14.7, which is good news for risk appetite, while CPI was unchanged as exp while year on year -0.7%. CAD may not rise on these positive news due to dismal manufacturing sales from Canada, which fell 2.7% from February's 2.2% increase. Canadain factory order were also negative. USDCAD at session highs 1.1760 and could easily push higher in event of worse than exp US indus production in 40 mins from now.