Top

New York London GMT Tokyo Sydney

JPY, USD marginally firmer in Asian trade

By Gerry Davies || July 16, 2009 at 05:13 GMT

|| 0 comments || Add comment

The JPY and USD have managed to claw back some marginal ground during Asian trade, EUR/USD down at 1.4070 from a North American close Wednesday around 1.4110, while EUR/JPY is down at 132.20 from around 132.95.

CIT talks have failed, bankruptcy looms, possibly a filing as early as Friday. It would be the fourth largest bankruptcy in U.S. history. The news will have served to deflate risk appetite a little.

Elsewhere China’s Q-2 GDP came in at +7.9%, better than the expected 7.7%, and up from the Q-1 6.1%.

Asian sovereigns were notable sellers of EUR/USD up around 1.4100 and GBP/USD above 1.6400 yesterday, so it comes as no huge surprise to see both pairings below said levels this morning. To be honest the surging risk appetite did look a little overcooked.

Some European data today, but to be honest it’s distinctly second tier and likely to ellicit little or no response from the markets.

Share and Enjoy:

Category: All, Central Banks, Economy, Europe, Mkt Talk, Regions
Tags: EUR/USD

Add a comment

Comments are closed.

Login

New to Forexlive?

Live Currency Quotes

Recent Comments:

lilac: All the more interesting seeing as Bloomers reported that the Eurozone may change terms of Portugal’s...
Robert: Then it is gonna be a hot sunday! see you then guys….
Johnr: Wow! There is still action after hours! Given the other Sunday news…I think we’re in for a big gap...
N: http://www.bbc.co.uk/news/worl d-europe-16992702 BBc news looks like it has
Adam Button: Always handy, I wish you could indicate specific times and specific currencies though.

more recent comments >>

Categories
- All
- Central Banks
- Economy
- Featured
- Geopolitics
- Mkt News
- Mkt Talk
- orders
- Politics/Policy
- Q&A
- Regions
  - Americas
  - Asia
  - Europe
- Spotlight
- Techs
- Wrap up
Blogroll

F1 Tickets

Copyright © 2012 ForexLive · Forex tools · Site Map · Log in

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

ADVISORY WARNING: FOREXLIVE provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVE specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

Bottom