Subscribe to the "GFT Market Recap: Asia Session" web feed.Subscription options
Excerpt from:  Forex Market Recap
.
January 16, 2008

GFT Market Recap: Asia Session

New Zealand’s inflation increased during the 4th quarter.  This is another sign that Governor Bollard will delay any rate cuts until possibly 2009.  The NZD strengthened initially, but sold off moments after the release.  Australia’s employment numbers were released during the session.  Employment rose for a 14th month, this is the longest stretch of increases since 1980.  This stretch of increases may trigger the central bank to raise rates next month to curb inflation. 

 

                RANGES

      3:00 pm-11:00pm EST

 

 

Low

High

EUR/USD

1.4641

 1.4686

GBP/USD

1.9606

1.9644

USD/JPY

106.91

107.89

USD/CHF

 1.0983

1.1020

Bookmark and Share
Topic Tags:  currency trading, dollar, euro, Euro, Forex market, Forex rates, forex resistance, forex software, Forex support, forex trading, Forex trading, Japanese Yen, US dollar
by KHoeksema | ↑top | link to this#
Syndication OptionsRSS (Rich Site Summary) Feed Atom Feed OPML (Outline Processor Language) Feed MYST-ML (MyST Markup Language) Content Feed MS-Office Smart Tag Subscription