Intraday Market Thoughts

Archived IMT (2009.03.31)

by Ashraf Laidi
Mar 31, 2009 17:11

China's demands for a new global currency are being publicly supported by Russia according to the top economic adviser for Russian PM Medvedev. Cognizant that their requests carry less weight than those by the US, Eurozone or Japan, both Russia and China may resort to making headline-grabbing statements such as on currencies, world economic order and US economic dominance at tomorrow's G20 statements. Recall that former PM Putin long ago mentioned the possibility for Russian oil companies to price revenues in EUR than USD, but nothing has happenned. Incoming Aussie retail sales, US ADP on private employment and ISM will remain key.


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