Forex Market Moves

Monday, October 20, 2008

JPY on the defensive after the quietest weekend in recent memory. Is the worst of the financial panic phase of the deleveraging behind us?

Bank of Canada, Riksbank and RBNZ may all be set to cut rates this week - RBNZ may cut 100 basis points on Thursday.


  • UK Oct. Rightmove House Prices fall -4.9% YoY vs. -3.3% in Sep.
  • Australia Q3 Producer Price Index rose 5.6% YoY vs. 4.8% expected
  • China Sep. Producer Price Index rose 9.1% vs. 9.7% expected
  • China Sep. Industrial Production rose 11.4% vs. 13.4% expected
  • China Q3 GDP rose 9.0% YoY vs. 9.7% expected
  • Germany Sep. Producer Prices rose +0.3% vs. -0.4% expected


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