FX Close
First Published Friday, 10 July 2009 from Need to Know News
The Greenback strengthened ahead of the June employment report - and moved stronger following the worse-than-expected result. Trading will continue in Europe overnight; however, the US market will be closed tomorrow for the July 4th holiday.
EUR/USD dropped 140 pips to near figure 1.40 following a Moody's downgrade of Ireland's debt. CABLE lost 80 pips to figure 1.64; while USD/JPY dropped to close just below figure 96.
- Citi's Tim Evans on API Petroleum Statistics
"The American Petroleum Institute reported a 0.4 mmbls build in US commercial crude stocks that was on the low end of the range of expectations, with sharply lower imports and somewhat higher crude runs than in the prior week....continued
- Preview: DOE Inventories (w/e March 12th)
Crude inventories are expected to rise 1.3mln following a 1.432mln increase prior Unleaded inventories are expected to drop 1.0mln following a 2.959mln draw prior Distillate inventories are expected to drop 1.5mln following a 2.217mln drop prior Refinery Utilization is expected to rise 0.2% to 80.9%...continued
- Preview: February PPI
...continued
- BOE's Bean...best way to balance competing needs is by "retaining clarity of present remit"
BOE's Bean...best way to balance competing needs is by "retaining clarity of present remit"...continued
- BOE's Bean....'no regulatory regime is perfect'...
...continued
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