Intraday Market Thoughts

Archived IMT (2009.07.27)

by Ashraf Laidi
Jul 27, 2009 14:05

CAD drags USD to fresh 9-month lows at 1.0779, while AUDUSD hits 0.8259 session high, 4 pips away from Mays 8-month highs. Dow futures retreat to negative territory ahead of the 14:00 GMT release of US June new home sales exp +3.8% at 355K from 342K. As risk appetite pushes the envelope currencies are still scrutinized on whether the session highs will be maintained into the end of the day. 10-year bond yields surge to 4-week high at 3.75% extending the dollar's selloff. But JPY remains the broadest loser, with 95.50 in USDJPY and 136 in EURJPY.


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