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Currency Analyst since 2010

Oct. 20: MARKET REVIEW

Pessimism over the economy was tempered and risk sentiment improved.

USD: San Francisco Fed President Williams and Boston President Eric Rosengren said that the Fed should end QE as planned at this month.

EUR/USD: on the upside in the area of $1.2760, but below last week’s high at $1.2886.

GBP/USD trades unchanged at $1.6100.

USD/JPY gapped higher at 107.20, Nikkei up as GPIF will lift ratio of domestic stocks to about 25%.

AUD/USD up to $0.8787: China announced its intention to inject $33B of 3-month loans into banks.

NZD/USD up by 40 pips to $0.7960.

 

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