พิมพ์หน้านี้
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O/N ranges: $/Yen 118.52-120.60 Eur/$ 1.3692-1.3772 Some forecasted $/Yen to remain at 118 and Eur/$ to go 1.33 by end 2007. $ and yen crosses broke several supporting lines last night from the crashed in DOW and sub-prime concerned. 10Y US Treasury yield drops to 4.78% which Fed may easing sooner with this trend. Some used 10:1 ratios to translate. If a 10% stock down=100bp rate hike, a 10% $ fall=100bp cut, and a 10% oil rise=100bp hike. Thb traded within the range 33.69-33.74 today. Demand for $ and crosses came from those corporates and state ent. Swap & Bond shifted higher. |
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