Forex Market Comments by Finexo

Friday, October 17, 2008

Late US equity rally sparks comeback for JPY crosses, sees USD easing. Credit spreads show little relief in risk aversion so far, however.

Lehman CDS settlement coming back to haunt markets? University of Michigan to show double-dip in US confidence?


  • US Sep. Industrial Production dropped -2.8% vs. -0.8% expected
  • US Sep. Capacity Utilization fell to 76.4% vs. 77.9% expected and vs. 78.7% in Aug.
  • US Oct. Philadelphia Fed out at -37.5 vs. -10 expected
  • US Oct. NAHB Housing Market Index fell to 14 vs. 17 expected and 17 in Sep.
  • Japan Sep. Nationwide Department Store Sales fell -4.7% YoY

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