More from Fed’s Fisher, says global economy still has “an awful lot of slack” and that the US Banking system has been pulled back from the brink of systemic risk. US Treasury’s Geithner has seen encouraging signs in credit conditions in recent weeks. EU’s Almunia says that EU Finmins think next quarters will show a gradual improvement in the economic situation Eur/Usd has regained its footing above 1.4000 as London dealers head for the exits. Just a warning that here in London we are expecting a tube strike tomorrow. This won’t affect this correspondent who has to travel 15 yards to work, but many trading desks in the City will be short-staffed. This may lead to choppier trading conditions.
A few more comments hit the wires
Source: www.forexlive.com
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Daily Forex Analysis - June 10, 2009
Being contained by 1.3793 support, EURUSD rebounds from 1.3804, suggesting that a cycle bottom is being formed on daily chart. However, a break of 1.4338 ... See all stories on this...
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A note of USD/CHF optimization.
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