Intraday Market Thoughts

Archived IMT (2008.10.02)

by Ashraf Laidi
Oct 2, 2008 13:52

EURUSD breaks below $1.3780 as ECB Chief JC Trichet says policymakers discussed a rate cut option in today's meeting despite their decision to leave rates on hold at 4.25%. EURUSD eyes $1.3630. GBPUSD plunges below our stated target of $1.76 and onto $1.7570, now targetting $1.7550. US weekly jobless claims rose 1K to new 5-year high of 497K.


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