FX Weekly: 27th September 2010
Inactive Fed combined with dovish comments push USD lower across the board. The Euro had its strongest week against the Dollar since March 2009.
Gold prices continue their relentless march higher, touching $1,300 for the first time ever. The CRB Commodity index closed the week higher for the fourth time in a row.
Poor survey data from Europe is counter-balanced by strong auction results and improvement in sentiment in Ireland. German activity survey was mildly positive
Sterling under pressure as signs of government borrowing overshooting projections emerge. All eyes turning to the Comprehensive Spending Review in October
Gold prices continue their relentless march higher, touching $1,300 for the first time ever. The CRB Commodity index closed the week higher for the fourth time in a row.
Poor survey data from Europe is counter-balanced by strong auction results and improvement in sentiment in Ireland. German activity survey was mildly positive
Sterling under pressure as signs of government borrowing overshooting projections emerge. All eyes turning to the Comprehensive Spending Review in October
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